549300DAQ1CVT6CXN342 2024-01-01 2024-12-31 549300DAQ1CVT6CXN342 2023-01-01 2023-12-31 549300DAQ1CVT6CXN342 2022-01-01 2022-12-31 549300DAQ1CVT6CXN342 2023-12-31 549300DAQ1CVT6CXN342 2022-12-31 549300DAQ1CVT6CXN342 2021-12-31 549300DAQ1CVT6CXN342 2024-12-31 549300DAQ1CVT6CXN342 2023-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2023-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2023-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2023-12-31 ifrs-full:OtherReservesMember 549300DAQ1CVT6CXN342 2022-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2022-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2022-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2022-12-31 ifrs-full:OtherReservesMember 549300DAQ1CVT6CXN342 2021-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2021-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2021-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2021-12-31 ifrs-full:OtherReservesMember 549300DAQ1CVT6CXN342 2024-01-01 2024-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2023-01-01 2023-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2022-01-01 2022-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2024-01-01 2024-12-31 ifrs-full:OtherReservesMember 549300DAQ1CVT6CXN342 2023-01-01 2023-12-31 ifrs-full:OtherReservesMember 549300DAQ1CVT6CXN342 2022-01-01 2022-12-31 ifrs-full:OtherReservesMember 549300DAQ1CVT6CXN342 2024-01-01 2024-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2023-01-01 2023-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2022-01-01 2022-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2024-01-01 2024-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2023-01-01 2023-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2022-01-01 2022-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2024-12-31 ifrs-full:IssuedCapitalMember 549300DAQ1CVT6CXN342 2024-12-31 ifrs-full:TreasurySharesMember 549300DAQ1CVT6CXN342 2024-12-31 ifrs-full:RetainedEarningsMember 549300DAQ1CVT6CXN342 2024-12-31 ifrs-full:OtherReservesMember iso4217:DKK iso4217:DKK xbrli:shares Novo Nordisk A/S A/S Novo Alle 1, 2880 Bagsværd, Denmark Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Denmark Denmark Denmark Novo Holdings A/S Novo Nordisk Foundation 290403000000 232261000000 176954000000 44522000000 35765000000 28448000000 245881000000 196496000000 148506000000 62101000000 56743000000 46217000000 48062000000 32443000000 24047000000 5276000000 4855000000 4467000000 -2103000000 119000000 1034000000 128339000000 102574000000 74809000000 6198000000 2945000000 239000000 7346000000 845000000 5986000000 127191000000 104674000000 69062000000 26203000000 20991000000 13537000000 100988000000 83683000000 55525000000 22.67 18.67 12.26 22.63 18.62 12.22 100988000000 83683000000 55525000000 -119000000 13000000 615000000 -119000000 13000000 615000000 3096000000 -1404000000 2289000000 1612000000 1026000000 -1740000000 1154000000 0 0 -5763000000 1612000000 1026000000 1343000000 -355000000 -892000000 -1782000000 -1173000000 4163000000 -1901000000 -1160000000 4778000000 99087000000 82523000000 60303000000 100988000000 83683000000 55525000000 26203000000 20991000000 13537000000 19107000000 9413000000 7362000000 15029000000 33517000000 22509000000 11995000000 13380000000 5535000000 1884000000 1072000000 276000000 612000000 491000000 272000000 29636000000 25897000000 14515000000 120968000000 108908000000 78887000000 4145000000 13090000000 2607000000 47164000000 25806000000 12146000000 82163000000 0 7075000000 0 33000000 0 786000000 271000000 169000000 19028000000 13018000000 9566000000 24391000000 8260000000 6645000000 -128895000000 -43892000000 -24918000000 20181000000 29924000000 24086000000 44140000000 31767000000 25303000000 79391000000 0 11215000000 6335000000 1467000000 13623000000 8735000000 -63158000000 -51797000000 808000000 1858000000 2172000000 14392000000 12653000000 10719000000 455000000 -119000000 -238000000 15655000000 14392000000 12653000000 111090000000 60406000000 162488000000 90961000000 400000000 410000000 24627000000 20380000000 4016000000 1430000000 2277000000 1253000000 304898000000 174840000000 40849000000 31811000000 71949000000 64770000000 2853000000 2423000000 12612000000 8068000000 10653000000 15838000000 6326000000 2344000000 15655000000 14392000000 160897000000 139646000000 465795000000 314486000000 446000000 451000000 2000000 5000000 144448000000 104839000000 -1406000000 1276000000 143486000000 106561000000 89674000000 20528000000 5426000000 10162000000 903000000 742000000 23000000 189000000 8755000000 6649000000 104781000000 38270000000 13113000000 6478000000 28846000000 25606000000 9716000000 7116000000 37993000000 28705000000 7531000000 1272000000 120329000000 100478000000 217528000000 169655000000 322309000000 207925000000 465795000000 314486000000 451000000 -5000000 104839000000 1276000000 106561000000 456000000 -6000000 80587000000 2449000000 83486000000 462000000 -6000000 72004000000 -1714000000 70746000000 100988000000 100988000000 83683000000 83683000000 55525000000 55525000000 -119000000 -1782000000 -1901000000 13000000 -1173000000 -1160000000 615000000 4163000000 4778000000 100869000000 -1782000000 99087000000 83696000000 -1173000000 82523000000 56140000000 4163000000 60303000000 900000000 900000000 0 0 0 0 44140000000 44140000000 31767000000 31767000000 25303000000 25303000000 2289000000 2289000000 2149000000 2149000000 1539000000 1539000000 2000000 20179000000 20181000000 4000000 29920000000 29924000000 6000000 24080000000 24086000000 5000000 -5000000 0 5000000 -5000000 0 6000000 -6000000 0 -770000000 -770000000 -94000000 -94000000 -287000000 -287000000 446000000 -2000000 144448000000 -1406000000 143486000000 451000000 -5000000 104839000000 1276000000 106561000000 456000000 -6000000 80587000000 2449000000 83486000000 <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.1 Material accounting policies and key accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements included in this Annual Report have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prepared in accordance with IFRS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting Standards as issued by the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">International Accounting Standards Board (IASB) and in accordance with IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards as endorsed by the EU and further requirements in the Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Statements Act.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.1 Material accounting policies and key accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements included in this Annual Report have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prepared in accordance with IFRS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting Standards as issued by the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">International Accounting Standards Board (IASB) and in accordance with IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards as endorsed by the EU and further requirements in the Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Statements Act.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Measurement basis</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements have been prepared on the historical cost basis </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">except for derivative financial instruments, equity investments, marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and trade receivables in a factoring portfolio, which are measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Material accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Apart from <span class="_ _0"/>the general <span class="_ _0"/>accounting policies, <span class="_ _0"/>which are described <span class="_ _0"/>in note <span class="_ _0"/>5.6, Novo <span class="_ _0"/>Nordisk’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies <span class="_ _0"/>are described <span class="_ _0"/>in each of <span class="_ _0"/>the individual <span class="_ _0"/>notes to <span class="_ _0"/>the Consolidated <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements. <span class="_ _0"/>The accounting <span class="_ _0"/>policies have been <span class="_ _0"/>applied consistently <span class="_ _0"/>in the <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">preparation of <span class="_ _0"/>the Consolidated <span class="_ _0"/>financial statements <span class="_ _0"/>for all <span class="_ _0"/>the years presented.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key accounting estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The use of reasonable estimates and judgements is an essential part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">preparation of the Consolidated financial statements. Given the uncertainties inherent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in Novo Nordisk’s business activities, Management must make certain estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regarding valuation and make judgements on the reported amounts of assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities, net sales, expenses and related disclosures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key accounting estimates identified are those that have a significant risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resulting in a material adjustment to the carrying amount of assets and liabilities in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following reporting period. An example being the estimation of US sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deductions and provisions for sales rebates. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When determining <span class="_ _0"/>estimates and <span class="_ _0"/>assumptions, Management <span class="_ _0"/>has assessed <span class="_ _0"/>the qualitative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and quantitative impact of climate-related matters. It is Management’s assessment that the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effect of <span class="_ _0"/>climate-related matters <span class="_ _0"/>does not <span class="_ _0"/>significantly impact estimates <span class="_ _0"/>and assumptions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management bases its estimates on historical experience and various other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions that are held to be reasonable under the circumstances. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and underlying assumptions are reviewed on an ongoing basis. If necessary, changes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the period in which the estimate is revised. Management considers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the key accounting estimates to be reasonable and appropriate based on currently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">available information. The actual amounts may differ from the amounts estimated as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">more detailed information becomes available. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, Management may make certain judgements in the process of applying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the entity’s accounting policies, for example the Judgement of whether intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets acquired in a business combination are separately identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management regards those listed below as the key accounting estimates <span class="_ _0"/><span class="ls30 ws36">and </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">judgements applied in the preparation of the Consolidated financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Refer to the specific notes for further information on the key accounting estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and judgements as well as assumptions applied. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:121.99609375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 754.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Key accounting estimates and judgements</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 427.144px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0721px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Note(s)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 20.7461px; width: 751.283px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate of US sales deductions and provisions for sales rebates</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.285px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.2091px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2.1, 3.5</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.2305px; width: 582.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate in determining fair values of assets acquired in a business combination and in impairm</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ent reviews of intangible assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 634.594px; top: 42.543px; width: 117.029px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1, 5.3</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7305px; width: 732.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Judgement of whether intangible assets acquired in a business combination are separately identifi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">able</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.137px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.3</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 88.2461px; width: 732.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate regarding deferred income tax assets and provision for uncertain tax positions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.137px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Medium</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2.6</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.746px; width: 634.137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate of ongoing legal disputes, litigation and investigations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 634.137px; top: 110.746px; width: 38.332px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Me</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">dium</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 672.469px; top: 110.746px; width: 46.3477px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 718.816px; top: 110.746px; width: 13.7402px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.5</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materiality</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements are a result of processing large numbers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of transactions and aggregating those transactions into classes according to their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nature or function. The transactions are presented in classes of similar items in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Consolidated financial statements. If a line item is not individually material, it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is aggregated with other items of a similar nature in the Consolidated financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements or in the notes. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management provides the specific disclosures required by IFRS Accounting Standards </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unless the information is not applicable or is considered immaterial to the decision-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">making of the primary users of these financial statements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.2 Changes in accounting policies and disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has assessed that new or amended IFRS Accounting Standard<span class="_ _0"/>s and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretations issued by the IASB and endorsed by the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EU effective on or after 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">January <span class="ls30 ws36">2024</span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has not had a significant effect on the Consolidated financial statements.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermore, new or amended IFRS Accounting Standards and interpretations issued </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the IASB that have not</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> yet become effective are generally not adopted until they </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">become effective and endorsed by the EU. Management does not anticipate an<span class="_ _0"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant impact on the Consolidated financial statements in</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> the period of initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">application from the adoption of these new standards and amendments<span class="_ _0"/>, apart from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IFRS 18 ‘Presentation and Disclosure in Financial Statements’ which replaces IAS 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effective from 1 January 2027. The new IFRS 18 is expected to change the presentation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the Income statement and to differentiate between earnings from operating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities, investment activities and financing activities. IFRS 18 will also add additional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures but will not change any accounting policies on recognition and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measurement, hence it will not change reported net results.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.6 General accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Principles of consolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements incorporate the financial statements of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent company Novo Nordisk A/S and entities controlled by Novo Nordisk A/S. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Control exists when Novo Nordisk has effective power over the entity and has the right </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to variable returns from the entity. The results of subsidiaries acquired or disposed of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">during the year are included in the consolidated income statement from the effective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date of acquisition and up to the effective date of disposal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Functional and presentation currency</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Items included in the financial statements of Novo Nordisk's entities are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">using the currency of the primary economic environment in which the entity operates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(functional currency). The Consolidated financial statements are presented in Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">kroner (DKK), which is also the functional and presentation currency of the parent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of transactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are translated into the functional currency using the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prevailing exchange rates at the transaction dates. Foreign exchange gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resulting from the settlement of such transactions and from the translation at year-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">end exchange rates of monetary assets and liabilities are recognised in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. Foreign currency differences arising from the translation of effective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">qualifying cash flow hedges are recognised in other comprehensive income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of Group companies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial statements of foreign subsidiaries are translated into DKK at the exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rates prevailing at the end of the reporting period for balance sheet items, and at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">average exchange rates for income statement items. All effects of exchange rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are recognised in other comprehensive income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Cash flow statement is presented in accordance with the indirect method </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencing with net profit for the year.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.1 Material accounting policies and key accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements included in this Annual Report have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prepared in accordance with IFRS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting Standards as issued by the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">International Accounting Standards Board (IASB) and in accordance with IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards as endorsed by the EU and further requirements in the Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Statements Act.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Measurement basis</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements have been prepared on the historical cost basis </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">except for derivative financial instruments, equity investments, marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and trade receivables in a factoring portfolio, which are measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Material accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Apart from <span class="_ _0"/>the general <span class="_ _0"/>accounting policies, <span class="_ _0"/>which are described <span class="_ _0"/>in note <span class="_ _0"/>5.6, Novo <span class="_ _0"/>Nordisk’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies <span class="_ _0"/>are described <span class="_ _0"/>in each of <span class="_ _0"/>the individual <span class="_ _0"/>notes to <span class="_ _0"/>the Consolidated <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements. <span class="_ _0"/>The accounting <span class="_ _0"/>policies have been <span class="_ _0"/>applied consistently <span class="_ _0"/>in the <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">preparation of <span class="_ _0"/>the Consolidated <span class="_ _0"/>financial statements <span class="_ _0"/>for all <span class="_ _0"/>the years presented.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key accounting estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The use of reasonable estimates and judgements is an essential part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">preparation of the Consolidated financial statements. Given the uncertainties inherent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in Novo Nordisk’s business activities, Management must make certain estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regarding valuation and make judgements on the reported amounts of assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities, net sales, expenses and related disclosures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key accounting estimates identified are those that have a significant risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resulting in a material adjustment to the carrying amount of assets and liabilities in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following reporting period. An example being the estimation of US sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deductions and provisions for sales rebates. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When determining <span class="_ _0"/>estimates and <span class="_ _0"/>assumptions, Management <span class="_ _0"/>has assessed <span class="_ _0"/>the qualitative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and quantitative impact of climate-related matters. It is Management’s assessment that the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effect of <span class="_ _0"/>climate-related matters <span class="_ _0"/>does not <span class="_ _0"/>significantly impact estimates <span class="_ _0"/>and assumptions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management bases its estimates on historical experience and various other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions that are held to be reasonable under the circumstances. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and underlying assumptions are reviewed on an ongoing basis. If necessary, changes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the period in which the estimate is revised. Management considers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the key accounting estimates to be reasonable and appropriate based on currently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">available information. The actual amounts may differ from the amounts estimated as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">more detailed information becomes available. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, Management may make certain judgements in the process of applying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the entity’s accounting policies, for example the Judgement of whether intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets acquired in a business combination are separately identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management regards those listed below as the key accounting estimates <span class="_ _0"/><span class="ls30 ws36">and </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">judgements applied in the preparation of the Consolidated financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Refer to the specific notes for further information on the key accounting estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and judgements as well as assumptions applied. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:121.99609375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 754.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Key accounting estimates and judgements</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 427.144px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0721px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Note(s)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 20.7461px; width: 751.283px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate of US sales deductions and provisions for sales rebates</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.285px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.2091px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2.1, 3.5</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.2305px; width: 582.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate in determining fair values of assets acquired in a business combination and in impairm</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ent reviews of intangible assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 634.594px; top: 42.543px; width: 117.029px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1, 5.3</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7305px; width: 732.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Judgement of whether intangible assets acquired in a business combination are separately identifi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">able</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.137px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.3</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 88.2461px; width: 732.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate regarding deferred income tax assets and provision for uncertain tax positions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.137px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Medium</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2.6</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.746px; width: 634.137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate of ongoing legal disputes, litigation and investigations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 634.137px; top: 110.746px; width: 38.332px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Me</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">dium</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 672.469px; top: 110.746px; width: 46.3477px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 718.816px; top: 110.746px; width: 13.7402px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.5</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materiality</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements are a result of processing large numbers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of transactions and aggregating those transactions into classes according to their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nature or function. The transactions are presented in classes of similar items in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Consolidated financial statements. If a line item is not individually material, it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is aggregated with other items of a similar nature in the Consolidated financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements or in the notes. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management provides the specific disclosures required by IFRS Accounting Standards </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unless the information is not applicable or is considered immaterial to the decision-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">making of the primary users of these financial statements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue from sale of goods is recognised when Novo Nordisk has transferred </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">control of products sold to the buyer and it is probable that Novo Nordisk will collect </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consideration to which it is entitled for transferring the products. Control of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products is transferred at a single point in time, typically on delivery. The amount of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales to be recognised is based on the consideration Novo Nordisk expects to receive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in exchange for its goods. When sales are recognised, Novo Nordisk also records </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates for a variety of sales deductions; including product returns as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and discounts to government agencies, wholesalers, health insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies, managed healthcare organisations and retail customers. Sales deductions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as a reduction of gross sales to arrive at net sales, by assessing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected value of the sales deductions (variable consideration). Where contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contain customer acceptance criteria, Novo Nordisk recognises sales when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance criteria are satisfied.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In some markets, Novo Nordisk sells products on a sale-or-return basis. Where there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is historical experience or a reasonably accurate estimate of future returns, estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">product returns are recorded as a reduction in sales. Where shipments of new </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products are made on a sale-or-return basis, without sufficient historical experience </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for estimating sales returns, revenue is recorded based on estimated demand and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance rates for well-established products with similar market characteristics. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar market characteristics do not exist, revenue is recorded when there is evidence </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of consumption or when the right of return has expired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unsettled rebates are recognised as provisions when the timing or amount is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain (note <span class="ls30 ws36">3.5</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where absolute amounts <span class="_ _0"/>are known, the rebates <span class="_ _0"/>are recognised as other <span class="_ _0"/>liabilities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs that are <span class="_ _0"/>absolute are netted <span class="_ _0"/>against trade receivable balances.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The impact of foreign currency hedging in the income statement is recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of financial items. Refer to notes <span class="ls30 ws36">4.4</span>, <span class="ls30 ws36">4.5 and 4.9</span> for more details on hedging<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments are reported in a manner consistent with the internal reporting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provided to Executive Management and the Board of Directors. We consider Executive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management to be the operating decision-making body.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk expenses all research costs. Due to significant regulatory uncertainties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other uncertainties inherent in the development of new products, internal and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subcontracted development costs are also expensed as they are incurred, in line with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">industry practice. This means that they do not qualify for capitalisation as intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets until marketing approval by a regulatory authority is obtained or considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable. Costs for post-approval activities that are required by authorities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a condition for obtaining regulatory approval are recognised as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development costs primarily comprise employee costs as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal and external costs related to execution of studies, including manufacturing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs and facility costs of the research centres. The costs also comprise amortisation, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and impairment losses related to intellectual property rights and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">property, plant and equipment used in the research and development activities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisations of intellectual property rights related to marketed products are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in cost of goods sold. Royalty expenses paid to partners after regulatory </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval are also expensed as cost of goods sold.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contractual research and development obligations to be paid in the future are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosed separately as commitments in note <span class="ls30 ws36">5.2</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wages, salaries, social security contributions, annual leave and sick leave, bonuses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and non-monetary benefits are recognised in the year in which the associated services</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are rendered by employees of Novo Nordisk. Where Novo Nordisk provides long-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employee benefits, the costs are accrued to match the rendering of the services by the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employees concerned.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income and expenses, include mainly li<span class="_ _0"/>cence income and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortisations and impairment losses, which are of a secondary nature in relation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the main activities of Novo Nordisk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating profit from wholly owned subsidiaries, not related to Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">main activities, as well as operating profit from non-core manufacturing contracts, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as other operating income and expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income and expenses, also includes transaction costs in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">connection with acquisition of businesses. Re</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fer to note <span class="ls30 ws36">5.3</span> for details on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of businesses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The tax expense for the period comprises current and deferred tax. It also includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments to previous years and changes in provisions for uncertain tax positions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Tax is recognised in the income statement except to the extent that it relates to items </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in equity or other comprehensive income. Provisions for ongoing tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes are included as part of deferred tax assets, tax receivables and tax payables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred income taxes arise from temporary differences between the accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and tax values of the individual consolidated companies and from realisable tax loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carry-forwards. Deferred tax liabilities are not recognised if they arise from the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition of goodwill. Deferred income tax is also not accounted for if it arises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from initial recognition of an asset or liability in a transaction other than a business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination that, at the time of the transaction, affects neither accounting nor taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or loss and does not give rise to equal taxable and deductible temporary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences. The tax value of tax loss carry-forwards is included in deferred tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets to the extent that these are expected to be utilised in future taxable income. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deferred income taxes are measured according to current tax rules and at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax rates assumed in the year in which the assets are expected to be utilised. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, the Danish tax rules related to dividends from group companies provide </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exemption from tax for most repatriated profits. In some countries withholding tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will be applied to dividends paid to Denmark. A provision for withholding tax is only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised if a concrete distribution of dividends is planned. The unrecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential withholding tax amounts to <span class="ls30 ws36">DKK 1,228 million</span> (<span class="ls30 ws36">DKK 1,026 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The value of future tax deductions in relation to share programmes is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a deferred tax asset until the shares are paid out to the employees. Any estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess tax deduction compared to the costs realised in the income statement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charged to equity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Internal and subcontracted research costs are fully charged to the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement in the period in which they are incurred. Consistent with industry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">practice, development costs are also expensed until regulatory approval is obtained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or is probable; refer to note <span class="ls30 ws36">2.3</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Payments to third parties under collaboration and licence agreements are assessed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the substance of their nature. Payments which represent subcontracted research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development work are expensed as the services are received. Payments which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">represent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transfer of rights of intellectual property are capitalised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For acquired research and development projects, and intellectual property rights, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the likelihood of obtaining future commercial sales is reflected in the cost of the asset, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and thus the probability recognition criteria is always considered to be satisfied. As the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of acquired research and development projects can often be measured reliably, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these projects fulfil the capitalisation criteria as intangible assets on acquisition. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent milestone payments payable on achievement of a contingent event (e.g. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement of phase 3 trials) are accrued and capitalised into the cost of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible asset when the achievement of the event is probable. Development costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incurred subsequent to acquisition are treated consistently with internal project </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets acquired separately are initially measured at cost and are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently measured at cost less any accumulated amortisation and any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss. Identifiable intangible assets acquired in a business combination </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are initially measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of intellectual property rights is based on the straight-line method over </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the estimated useful life. This corresponds to the legal duration or the economic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life depending on which is shorter, and not exceeding <span class="_ _0"/>25 years in either case. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of intellectual property rights commences after regulatory approval </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been obtained or when assets are put in use. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of know-how, which arises from business combinations, is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of <span class="_ _0"/>10 years corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the period in which economic benefits are expected to be realised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of software is based on the straight-line method over the estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life of 3-15 years. The amortisation commences when the asset is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Property, plant and equipment is measured at historical cost less accumulated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciations and any impairment loss. The cost of self-constructed assets includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs directly attributable to the construction of the assets. Any subsequent cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the asset’s carrying amount or recognised as a separate asset only when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it is probable that future economic benefits associated with the item will flow to Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk, and the cost of the item can be measured reliably. Depreciation is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of the assets (buildings: <span class="_ _0"/><span class="ls30 ws36">10<span class="ls0 ws0">-</span>50<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, plant and machinery: 5-<span class="ls30 ws36">25</span> years and other equipment: <span class="_ _0"/>3-<span class="ls30 ws36">10</span> years. Land is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated). Climate-related matters, including the commitment to reach net zero </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">emissions, were considered when estimating the useful lives of property, plant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation commences when the asset is available for use, i.e. when it is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management. The asset's residual value and useful life is reviewed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjusted, if appropriate, at the end of each reporting period. If an asset’s carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount is higher than its estimated recoverable amount, it is written down to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable amount. Plant and equipment with no alternative use developed as part </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a research and development project are expensed. However, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with an alternative use or used for general research and development purposes are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and depreciated over the estimated useful life as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">development costs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contracts which are, or contain, a lease, the Group recognises a right-of-use asset </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and a lease liability. The right-of-use asset is initially measured at cost, being the initial</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of the lease liability. The right-of-use asset is subsequently depreciated using </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the lease term.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term comprises the non-cancellable period of a lease, together with<span class="_ _0"/> periods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">covered by extension options if these are reasonably certain to be exercised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories are stated at cost or net realisable value, whichever is lower. Cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined using the <span class="_ _0"/>first-in, first-out method. Cost <span class="_ _0"/>comprises direct production </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs such as raw <span class="_ _0"/>materials, consumables and <span class="_ _0"/>labour. Production costs for <span class="_ _0"/>work in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">progress and finished <span class="_ _0"/>goods include indirect production <span class="_ _0"/>costs such as employee <span class="_ _0"/>costs,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation, maintenance, etc. If the expected sales price less completion costs to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">execute sales (net realisab<span class="_ _0"/>le value) is lower <span class="_ _0"/>than the carrying amount, <span class="_ _0"/>a write-down is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised for the <span class="_ _0"/>amount by which the <span class="_ _0"/>carrying amount exceeds its <span class="_ _0"/>net realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventory manufactured prior to regulatory approval (prelaunch inventory) is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised but immediately written down, until there is a high probability of regulatory</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval for the product. The cost is recognised in the income statement as research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development costs. Once there is a high probability of regulatory approval being </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obtained, the write-down is reversed, up to no more than the original cost.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Trade receivables are initially recognised at transaction price and subsequently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at amortised cost using the effective interest method, less allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for doubtful trade receivables. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Before being sold, trade receivables in factoring portfolios are measured at fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with changes recognised in other comprehensive income. The allowance for doubtful </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables is deducted from the carrying amount of trade receivables in sales and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">distribution costs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures allowance for doubtful trade receivables based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">simplified approach to provide for expected credit losses, which requires the use </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the lifetime expected loss provision for all trade receivables. The allowance is an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimate based on shared credit risk characteristics and the days past due. Generally, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices are due for payment within 90 days from shipment of goods. Loss allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is calculated using an ageing factor, geographical risk and specific customer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">knowledge. The allowance is based on a provision matrix on days past due and a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward looking element relating mainly to incorporation of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">S&amp;P Ratings country risk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ratings and an individual assessment. Refer to note <span class="_ _0"/><span class="ls30 ws36">4.4<span class="ls0 ws0"> for a general description of </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit risk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates and discounts granted to government agencies, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesalers, retail pharmacies, Managed Care and other customers are recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time the related revenues are recorded or when the incentives are offered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated based on Management's interpretation of applicable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">laws and regulations, historical experience and the specific terms in the individual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreements. Unsettled rebates are recognised as provisions when the timing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or amount is uncertain. Where absolute amounts are known, the rebates are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as other liabilities. Refer to note 2.1 for further information on sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and provisions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes are recognised where a legal or constructive obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been incurred as a result of past events and it is probable that there will be an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outflow of resources that can be reliably estimated. In this case, Novo Nordisk arrives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at an estimate based on an evaluation of the most likely outcome. Disputes for which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no reliable estimate can be made are disclosed as contingent liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are measured at the present value of the anticipated expenditure for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement. This is calculated using a pre-tax discount rate that reflects current market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessments of the time value of money and the risks specific to the obligation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk issues credit notes for expired goods as a part of normal business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where there is historical experience or a reasonably accurate estimate of expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future returns can otherwise be made, a provision for estimated product returns is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recorded. The provision is measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net<span class="ls0 ws0"> sales value.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Earnings per share is presented as both basic and diluted earnings per share. Basic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">earnings per share is calculated as net profit divided by the monthly average number </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of shares outstanding. Diluted earnings per share is calculated as net profit divided by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the sum of monthly average number of shares outstanding, including the dilutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effect of the outstanding share pool. Refer to 'Financial d<span class="_ _0"/>efinitions and ratios' for a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">description of calculation of the dilutive effect.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On initiation of the contract, Novo Nordisk designates each derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract that qualifies for hedge accounting as one of:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of the fair value of a recognised asset or liability (fair value hedge)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of a forecast financial transaction (cash flow hedge).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All contracts are initially recognised at fair value and subsequently remeasured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the end of the reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>fair <span class="_ _0"/>value hedges <span class="_ _d"/>are recognised <span class="_ _d"/>in the <span class="_ _d"/>income statement <span class="_ _0"/>along <span class="_ _0"/>with <span class="_ _0"/>any <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>the <span class="_ _0"/>hedged asset <span class="_ _d"/>or liability <span class="_ _d"/>that are <span class="_ _d"/>attributable to <span class="_ _d"/>the hedged <span class="_ _0"/>risk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value adjustments of the effective part of cash flow hedges are recognised in other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprehensive income. The cumulative value adjustment of these contracts is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred from other comprehensive income to the income statement when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedged transaction is recognised in the income statement. <span class="_ _0"/>For cash flow hedges of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign currency risk on highly probable non-financial asset purchases, the cumulative</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value adjustments are transferred directly from the cash flow hedge reserve to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initial cost of the asset when recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Discontinuance <span class="_ _0"/>of <span class="_ _0"/>cash <span class="_ _0"/>flow <span class="_ _0"/>hedging</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When <span class="_ _0"/>a <span class="_ _0"/>hedging <span class="_ _0"/>instrument <span class="_ _0"/>expires or <span class="_ _d"/>is sold, <span class="_ _d"/>or when <span class="_ _d"/>a hedge <span class="_ _0"/>no <span class="_ _0"/>longer <span class="_ _0"/>meets <span class="_ _0"/>the <span class="_ _0"/>criteria <span class="_ _0"/>for <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedge <span class="_ _0"/>accounting, <span class="_ _0"/>any <span class="_ _0"/>cumulative gain <span class="_ _d"/>or loss <span class="_ _d"/>existing in <span class="_ _d"/>equity at <span class="_ _d"/>that time <span class="_ _0"/>remains <span class="_ _0"/>in <span class="_ _0"/>equity <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _0"/>is <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred <span class="_ _0"/>when <span class="_ _0"/>the <span class="_ _0"/>forecasted <span class="_ _0"/>transaction is <span class="_ _d"/>ultimately recognised <span class="_ _d"/>in the <span class="_ _d"/>income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. <span class="_ _0"/>When <span class="_ _0"/>a <span class="_ _0"/>forecasted transaction <span class="_ _d"/>is no <span class="_ _d"/>longer expected <span class="_ _d"/>to occur, <span class="_ _0"/>the <span class="_ _0"/>cumulative <span class="_ _0"/>gain <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="_ _0"/>loss <span class="_ _0"/>that <span class="_ _0"/>was reported <span class="_ _d"/>in equity <span class="_ _d"/>is immediately <span class="_ _d"/>transferred to <span class="_ _0"/>the <span class="_ _0"/>income <span class="_ _0"/>statement <span class="_ _0"/>under <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial <span class="_ _0"/>income <span class="_ _0"/>or <span class="_ _0"/>financial expenses. <span class="_ _d"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For <span class="_ _0"/>additional <span class="_ _0"/>disclosures on <span class="_ _d"/>accounting policies <span class="_ _d"/>for financial <span class="_ _0"/>instruments <span class="_ _0"/>refer <span class="_ _0"/>to <span class="_ _0"/>note <span class="_ _d"/>4.8<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">I</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ssued bonds, loans, commercial papers and bank overdrafts are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value of the proceeds received less transaction costs. In subsequent periods</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these are measured at amortised cost using the effective interest method. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">difference between the proceeds received and the nominal value is recognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial income or financial expenses over the term of the loan. For fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determination refer to note <span class="ls30 ws36">4.8</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lease liabilities are related to right-of-use assets primarily premises and company cars</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and include the present value of future lease payments during the lease term. Lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities are initially measured at the present value of the lease payments outstanding</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the commencement date, discounted using the incremental borrowing rate. Lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities are measured using the effective interest method. Lease liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently remeasured to reflect changes in future lease payments, e.g. changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in lease terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has chosen to classify the result of hedging activities as part of financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">items in the income statement, except for foreign currency-risk cash flow hedges on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable non-financial asset purchases where the cumulative value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are transferred directly from the cash flow hedge reserve to the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of the asset when recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk operates equity-settled, share-based compensation plans.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the employee services received in exchange for the grant of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shares is recognised as an expense and allocated over the vesting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total amount to be expensed over the performance and vesting period is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined by reference to the fair value of the shares granted, excluding the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact of any non-market vesting conditions. The fair value is fixed at the grant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date, and adjusted for expected dividends during the vesting period. Non-market </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vesting conditions are included in assumptions about the number of shares that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are expected to vest. At the end of each reporting period, Novo Nordisk revises its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates of the number of shares expected to vest. Novo Nordisk recognises the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact of the revision of the original estimates, if any, in the income statement and in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a corresponding adjustment to equity (change in proceeds) over the remaining vesting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period. Adjustments relating to previous years are included in the income statement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the year of adjustment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition method of accounting is used to account for all business combinations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase price for a business comprises the fair values of the assets transferred, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities incurred to the former owners including warrant holders of the acquired </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business and the fair value of any asset or liability resulting from a contingent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consideration arrangement. Any amount of the purchase price which effectively </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises a settlement of a pre-existing relationship is not part of the exchange for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquiree and is therefore not included in the consideration for the purpose of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applying the acquisition method. Settlements of pre-existing relationships are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounted for as separate transactions in accordance with the relevant <span class="_ _0"/>IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identifiable assets and liabilities and contingent liabilities assumed are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the date of acquisition by applying relevant valuation methods. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition-related costs are expensed as incurred. Goodwill is recognised at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess of purchase price over the fair value of net identifiable assets acquired and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities assumed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.6 General accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Principles of consolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements incorporate the financial statements of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent company Novo Nordisk A/S and entities controlled by Novo Nordisk A/S. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Control exists when Novo Nordisk has effective power over the entity and has the right </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to variable returns from the entity. The results of subsidiaries acquired or disposed of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">during the year are included in the consolidated income statement from the effective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date of acquisition and up to the effective date of disposal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Functional and presentation currency</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Items included in the financial statements of Novo Nordisk's entities are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">using the currency of the primary economic environment in which the entity operates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(functional currency). The Consolidated financial statements are presented in Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">kroner (DKK), which is also the functional and presentation currency of the parent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of transactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are translated into the functional currency using the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prevailing exchange rates at the transaction dates. Foreign exchange gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resulting from the settlement of such transactions and from the translation at year-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">end exchange rates of monetary assets and liabilities are recognised in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. Foreign currency differences arising from the translation of effective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">qualifying cash flow hedges are recognised in other comprehensive income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of Group companies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial statements of foreign subsidiaries are translated into DKK at the exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rates prevailing at the end of the reporting period for balance sheet items, and at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">average exchange rates for income statement items. All effects of exchange rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are recognised in other comprehensive income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Cash flow statement is presented in accordance with the indirect method </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencing with net profit for the year.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key accounting estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The use of reasonable estimates and judgements is an essential part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">preparation of the Consolidated financial statements. Given the uncertainties inherent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in Novo Nordisk’s business activities, Management must make certain estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regarding valuation and make judgements on the reported amounts of assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities, net sales, expenses and related disclosures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key accounting estimates identified are those that have a significant risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resulting in a material adjustment to the carrying amount of assets and liabilities in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following reporting period. An example being the estimation of US sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deductions and provisions for sales rebates. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When determining <span class="_ _0"/>estimates and <span class="_ _0"/>assumptions, Management <span class="_ _0"/>has assessed <span class="_ _0"/>the qualitative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and quantitative impact of climate-related matters. It is Management’s assessment that the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effect of <span class="_ _0"/>climate-related matters <span class="_ _0"/>does not <span class="_ _0"/>significantly impact estimates <span class="_ _0"/>and assumptions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management bases its estimates on historical experience and various other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions that are held to be reasonable under the circumstances. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and underlying assumptions are reviewed on an ongoing basis. If necessary, changes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the period in which the estimate is revised. Management considers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the key accounting estimates to be reasonable and appropriate based on currently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">available information. The actual amounts may differ from the amounts estimated as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">more detailed information becomes available. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, Management may make certain judgements in the process of applying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the entity’s accounting policies, for example the Judgement of whether intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets acquired in a business combination are separately identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management regards those listed below as the key accounting estimates <span class="_ _0"/><span class="ls30 ws36">and </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">judgements applied in the preparation of the Consolidated financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Refer to the specific notes for further information on the key accounting estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and judgements as well as assumptions applied. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:121.99609375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 754.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Key accounting estimates and judgements</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 427.144px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0721px; font-size: 9.75px; font-family: ffb5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Note(s)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 20.7461px; width: 751.283px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate of US sales deductions and provisions for sales rebates</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.285px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.2091px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2.1, 3.5</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.2305px; width: 582.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate in determining fair values of assets acquired in a business combination and in impairm</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ent reviews of intangible assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 634.594px; top: 42.543px; width: 117.029px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1, 5.3</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7305px; width: 732.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Judgement of whether intangible assets acquired in a business combination are separately identifi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">able</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.137px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.3</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 88.2461px; width: 732.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate regarding deferred income tax assets and provision for uncertain tax positions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.137px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Medium</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2.6</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.746px; width: 634.137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Estimate of ongoing legal disputes, litigation and investigations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 634.137px; top: 110.746px; width: 38.332px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Me</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">dium</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 672.469px; top: 110.746px; width: 46.3477px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 718.816px; top: 110.746px; width: 13.7402px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.5</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES OF SALES DEDUCTIONS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR SALES REBATES</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales deductions are estimated and provided for at the time the related sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recorded. These estimates of unsettled rebate, discount and product return </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations is considered a key accounting estimate as not all conditions are known </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time of sale, for example total sales volume to a given customer. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are based on analyses of existing contractual obligations and historical experience. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated on the basis of a percentage of sales for each product </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as defined by the contracts with the various customer groups. Provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales rebates are adjusted to actual amounts as rebates, discounts and returns </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue related to the 340B Drug Pricing Program can only be recognised to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">extent that it is highly probable that a significant reversal of the recognised revenue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will not occur. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers the provisions established for sales rebates to be reasonable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and appropriate based on the information currently available. However, the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of rebates and discounts may differ from the amounts estimated by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management as more detailed information becomes available.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING DEFERRED INCOME TAX ASSETS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR UNCERTAIN TAX POSITIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has considered future taxable income and has estimated the amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of deferred income tax assets that should be recognised. The estimate is based on an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessment of whether sufficient taxable income will be available in the future, against </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which the temporary differences and unused tax losses can be utilised. The total tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of unrecognised tax loss carry-forwards amounts to <span class="_ _0"/><span class="ls30 ws36">DKK 602 million in 2024<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 360 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the course of conducting business globally, tax and transfer pricing disputes with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax authorities may occur. Management has estimated the expected outcome of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes by using the ‘most likely outcome’ method to determine the provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain tax positions. Management considers the provisions made to be adequate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, the actual obligation may deviate and depends on the result of litigation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and settlements with the relevant tax authorities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING FAIR VALUES OF INTANGIBLE </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS IN IMPAIRMENT REVIEWS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and intangible assets not yet available for use are tested for impairment at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">least annually or when indicators of impairment are identified. Goodwill is allocated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">operating segments based on expected future cash flow from products utilising the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">synergies and know-how acquired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows from marketable products. The discount rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used is based on the Group WACC, adjusted where appropriate, to reflect the risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the specific asset tested. Fair value is determined using largely unobservable inputs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accordingly, the valuation technique and inputs used to measure fair value are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classified as level 3 in the fair value hierarchy. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assets that are subject to amortisation are reviewed for impairment whenever </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">events or changes in circumstances indicate that the carrying amount may not be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable. Factors considered material that could trigger an impairment test include</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Development of a competing drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Realised sales trending below predicted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes or anticipated changes in participation rates or reimbursement policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Inconsistent or unfavourable clinical readouts</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the legal framework covering patents, rights and licences</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Advances in medicine and/or technology that affect the medical treatments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Adverse impact on reputation and/or brand names</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the economic lives of similar assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Relationship to other intangible assets or property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An impairment loss is recognised when the carrying amount of in<span class="_ _0"/>tangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exceeds the recoverable amount. Impairments on intangible assets, other than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill, are reviewed at each reporting date for possible reversal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING ONGOING LEGAL DISPUTES, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">LITIGATION AND INVESTIGATIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes consist of various types of provisions linked to ongoing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legal disputes. Management makes estimates regarding provisions and contingencies,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including the probability of pending and potential future litigation outcomes. These </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are by nature dependent on inherently uncertain future events. When determining </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">likely outcomes of litigation, etc., Management considers the input of external counsel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on each case, as well as known outcomes in case law. Although Management believes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the total provisions for legal proceedings are adequate based on currently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">available information, there can be no assurance that there will not be any changes in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">facts or matters, or that any future lawsuits, claims, proceedings or investigations will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not be material.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING THE FAIR VALUE OF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS ACQUIRED IN A BUSINESS COMBINATION AND JUDGEMENT OF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">WHETHER INTANGIBLE ASSETS ACQUIRED IN A BUSINESS COMBINATION </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ARE SEPARATELY IDENTIFIABLE</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management makes judgements when determining whether intangible assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">such as know-how related to large-scale production of GLP-1 products as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">know-how to expand capacity in an efficient way, are separately identifiable. This </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">involves assessing if the know-how meets the separability criterion, which means it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">can be separated from the acquiree and sold, transferred, licensed, rented, or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exchanged independently.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The application of the acquisition method of accounting involves the use of significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates because the identifiable net assets of the acquiree are recognised at their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fair value for which observable market prices are typically not available. This is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">particularly relevant for assets which require use of valuation techniques typically </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on estimates of present value of future uncertain cash flows.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value is based on assumptions made by market participants, which in this </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business combination is assessed to be a company with similar needs and capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to acquire assets of the same nature and size as those of the acquired business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation of know-how identified in the acquisition is based on the multi-period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess earnings method, which is used to value unique assets that generate earnings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The economic benefit of the know-how is comprised by net cash flows attributable to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the asset which also includes the benefit of accelerated access to production capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compared to a greenfield construction scenario without the know-how required for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial production at scale. The net present value of future estimated cash flows </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is based on projections of sales volumes and prices, valuation period and royalty rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation of property, plant and equipment identified in the acquisition of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three fill-finish sites is mainly based on the depreciated replacement cost method in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination with the present value of accelerated access to production facilities. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated replacement cost method reflects adjustments for physical deterioration </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as well as functional and economic obsolescence. Land has been valued using the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market approach based on comparable transactions.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.2 Changes in accounting policies and disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has assessed that new or amended IFRS Accounting Standard<span class="_ _0"/>s and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretations issued by the IASB and endorsed by the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EU effective on or after 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">January <span class="ls30 ws36">2024</span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has not had a significant effect on the Consolidated financial statements.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermore, new or amended IFRS Accounting Standards and interpretations issued </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the IASB that have not</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> yet become effective are generally not adopted until they </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">become effective and endorsed by the EU. Management does not anticipate an<span class="_ _0"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant impact on the Consolidated financial statements in</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> the period of initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">application from the adoption of these new standards and amendments<span class="_ _0"/>, apart from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IFRS 18 ‘Presentation and Disclosure in Financial Statements’ which replaces IAS 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effective from 1 January 2027. The new IFRS 18 is expected to change the presentation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the Income statement and to differentiate between earnings from operating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities, investment activities and financing activities. IFRS 18 will also add additional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures but will not change any accounting policies on recognition and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measurement, hence it will not change reported net results.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.1 Net sales and rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gross-to-net sales reconciliation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:183.421875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.672px; top: 1.50391px; width: 24.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ffb7; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 310.703px; top: 0.0117187px; width: 77.543px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">680,563</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">608,645</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">455,692</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 388.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US Managed Care and Medicare</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5332px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(238,946)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(223,191)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(161,123)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 387.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US wholesaler charge-backs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.522px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(64,437)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(74,435)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.5742px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(56,443)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 388.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US Medicaid rebates</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(32,919)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(31,821)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24,667)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.668px; width: 388.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other US discounts and sales returns</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.0841px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(30,737)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,481)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(18,300)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 388.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US rebates, discounts and sales returns</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(367,039)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.1582px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(357,928)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.9316px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(260,533)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 388.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-US rebates, discounts and sales returns</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(23,121)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(18,456)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(18,205)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.059px; width: 388.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total gross-to-net sales adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2733px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(390,160)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(376,384)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(278,738)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 173.684px; width: 236.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.129px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 236.906px; top: 173.684px; width: 151.16px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:151.890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,878</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69,499</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50,822</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 37.9648px; width: 203.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional provisions, including increases to </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 50.6367px; width: 387.773px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">existing provisions</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 151.934px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">318,812</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">285,266</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.5742px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">206,354</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 69.7617px; width: 388.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amount paid during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(299,334)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(250,316)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(189,580)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.7148px; width: 208.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments regarding prior years, including </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 102.387px; width: 388.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">unused amounts reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(6,452)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,364)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,141)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.527px; width: 387.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.8029px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,207)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,044</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 142.152px; width: 237.311px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.103px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 237.311px; top: 142.152px; width: 150.475px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">118,516</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,878</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69,499</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales discounts and sales rebates are predominantly issued in th<span class="_ _0"/>e US. As such, total US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates, discounts and sales returns amounts to <span class="ls30 ws36">DKK (367,039) million</span>, corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to <span class="ls30 ws36">69%</span> of gross sales in the US (<span class="ls30 ws36">74% in 2023 and 75% in 2022</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates include US Managed Care, Medicare, Medicaid, 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Drug Pricing Program and other US rebate types, as well as rebates in a number </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of European countries and Canada. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing mechanisms in the US market </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the US, sales rebates are paid in connection with public healthcare insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes, including Medicare and Medicaid, as well as rebates to pharmacy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">benefit managers (PBMs) and managed healthcare plans. Key customers in the US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">include private payers, PBMs and government payers. PBMs and managed healthcare </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans play a role in negotiating price concessions with drug manufacturers for both </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the commercial and government channels, and determine which drugs are covered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on their formularies (or 'preferred drug lists').</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US Managed Care and Medicare</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For Managed Care and Medicare, rebates are offered to a number of PBMs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">managed healthcare plans. These rebate programmes allow the customer to receive a</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebate after attaining certain performance parameters relating to formulary status or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre-established market share thresholds. Rebate provisions are estimated according </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the specific terms in each agreement, historical experience, anticipated channel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mix, growth rates and market share information. Novo Nordisk adjusts the provision </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">periodically to reflect actual sales performance. Managed Care and Medicare rebates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are generally settled around <span class="ls30 ws36">100</span> days from the transaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US wholesaler charge-backs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs relate to contractual arrangements between Novo Nordisk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and indirect customers in the US whereby products are sold at contract prices lower </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than the list price originally charged to wholesalers. Chargeback provisions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimated using a combination of factors such as historical experience, current </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesaler inventory levels, contract terms and the value of claims received but not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yet processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs are generally settled within <span class="_ _0"/><span class="ls30 ws36">30 days<span class="ls0 ws0"> after </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receipt of claim. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In January 2021, Novo Nordisk changed its policy in the US related to the 340B Drug </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing Program, whereby Novo Nordisk no longer provides 340B statutory discounts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to certain pharmacies that contract with covered entities participating in the 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Drug Pricing Program. Novo Nordisk has recognised revenue related to the 340B Drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing Program to the extent that it is highly probable that its inclusion will not result </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in a significant revenue reversal in the future. Management’s assessment considers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretations of applicable laws, legal and administrative rulings, as well as attrition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and experience from historical claims. During 2024, additional provisions for 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statutory discounts of net USD <span class="ls30 ws36">0.8 billion</span> were recognised. As of 31 December 2024, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provisions for sales rebates comprise a provision for 340B statutory discounts of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD <span class="ls30 ws36">4.6 billion</span>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Refer to note <span class="ls30 ws36">3.5</span> for a more elaborate description of the ongoing litigation related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 340B Drug Pricing Program. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US Medicaid rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Medicaid is a government insurance programme. Medicaid rebates have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimated using a combination of historical experience, product and population </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">growth, price changes and the impact of contracting strategies. The calculation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">also involves interpretation of relevant regulations that are subject to changes in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretative guidance from government authorities. Novo Nordisk adjusts the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provision periodically to reflect actual sales performance. Medicaid rebates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are generally settled around <span class="ls30 ws36">150</span> days from the transaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other US and non-US discounts and sales returns</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other discounts are provided to distributors, wholesalers, hospitals, pharmacies, etc. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Further, discounts are provided to patients through different programmes.They are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually linked to sales volume or provided as cash discounts. Discounts are calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on historical data and recorded as a reduction in gross sales at the time the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">related sales are recorded. Sales returns relate to damaged or expired products.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other net sales disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024<span class="ls0 ws0">, Novo Nordisk had 3 major wholesalers distributing products in the US, </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">representing <span class="ls30 ws36">23%</span>, <span class="ls30 ws36">17% and 17%</span> respectively of global net sales (<span class="ls30 ws36">22%</span>, <span class="ls30 ws36">17% and 15% in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 and 19%<span class="ls0 ws0">, </span>14% and 13% in 2022<span class="ls0 ws0">). Sales to these 3 wholesalers are within both </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Diabetes and Obesity care and Rare disease.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net sales to be recognised from existing customer contracts containing fixed or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">minimum sales volumes, with an original term greater than 12 months, are expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to be DKK <span class="ls30 ws36">3,753 million</span> within 12 months (DKK <span class="ls30 ws36">3,166 million</span> in 2023) and DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5,822 million<span class="ls0 ws0"> thereafter (DKK </span>443 million<span class="ls0 ws0">). </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES OF SALES DEDUCTIONS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR SALES REBATES</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales deductions are estimated and provided for at the time the related sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recorded. These estimates of unsettled rebate, discount and product return </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations is considered a key accounting estimate as not all conditions are known </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time of sale, for example total sales volume to a given customer. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are based on analyses of existing contractual obligations and historical experience. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated on the basis of a percentage of sales for each product </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as defined by the contracts with the various customer groups. Provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales rebates are adjusted to actual amounts as rebates, discounts and returns </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue related to the 340B Drug Pricing Program can only be recognised to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">extent that it is highly probable that a significant reversal of the recognised revenue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will not occur. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers the provisions established for sales rebates to be reasonable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and appropriate based on the information currently available. However, the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of rebates and discounts may differ from the amounts estimated by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Management as more detailed information becomes available.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue from sale of goods is recognised when Novo Nordisk has transferred </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">control of products sold to the buyer and it is probable that Novo Nordisk will collect </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consideration to which it is entitled for transferring the products. Control of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products is transferred at a single point in time, typically on delivery. The amount of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales to be recognised is based on the consideration Novo Nordisk expects to receive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in exchange for its goods. When sales are recognised, Novo Nordisk also records </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates for a variety of sales deductions; including product returns as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and discounts to government agencies, wholesalers, health insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies, managed healthcare organisations and retail customers. Sales deductions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as a reduction of gross sales to arrive at net sales, by assessing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected value of the sales deductions (variable consideration). Where contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contain customer acceptance criteria, Novo Nordisk recognises sales when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance criteria are satisfied.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In some markets, Novo Nordisk sells products on a sale-or-return basis. Where there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is historical experience or a reasonably accurate estimate of future returns, estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">product returns are recorded as a reduction in sales. Where shipments of new </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products are made on a sale-or-return basis, without sufficient historical experience </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for estimating sales returns, revenue is recorded based on estimated demand and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance rates for well-established products with similar market characteristics. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar market characteristics do not exist, revenue is recorded when there is evidence </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of consumption or when the right of return has expired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unsettled rebates are recognised as provisions when the timing or amount is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain (note <span class="ls30 ws36">3.5</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where absolute amounts <span class="_ _0"/>are known, the rebates <span class="_ _0"/>are recognised as other <span class="_ _0"/>liabilities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs that are <span class="_ _0"/>absolute are netted <span class="_ _0"/>against trade receivable balances.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The impact of foreign currency hedging in the income statement is recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of financial items. Refer to notes <span class="ls30 ws36">4.4</span>, <span class="ls30 ws36">4.5 and 4.9</span> for more details on hedging<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.5 Provisions and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:228.59375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.5px; top: 0.0117187px; width: 41.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.297px; top: 0.0117187px; width: 41.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 566.672px; top: 0.0117187px; width: 41.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.328px; top: 12.6836px; width: 32.7598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 509.031px; top: 12.6836px; width: 32.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for legal</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 561.156px; top: 12.6836px; width: 43.5938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for product</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 649.281px; top: 12.6836px; width: 22.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 720.766px; top: 13.3281px; width: 21.9023px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.047px; top: 12.6836px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.266px; top: 23.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffcb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.125px; top: 23.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffcb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.328px; top: 25.3711px; width: 27.6094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rebates</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.594px; top: 25.3711px; width: 31.8867px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">disputes</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 580.906px; top: 25.3711px; width: 27.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">returns</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 626.625px; top: 25.3711px; width: 40.6289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 717.891px; top: 26.0156px; width: 19.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 787.828px; top: 25.3711px; width: 19.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 46.7305px; width: 771.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.967px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,878</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,786</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,532</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,931</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">107,127</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74,877</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 68.1055px; width: 752.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional provisions, including increases to existing provisions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">318,812</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">202</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,148</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">798</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">321,960</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">288,801</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.4805px; width: 767.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional provisions from acquisition of businesses (note </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.3</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">1,084</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,084</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.855px; width: 776.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amount used during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 307.143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(299,334)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(693)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(191)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(300,218)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 25.7461px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(251,246)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 132.23px; width: 736.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments regarding prior years, including unused amounts reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(6,452)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(31)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">80</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(320)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,723)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,023)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.59px; width: 774.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">222</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,854</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,282)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.965px; width: 766.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.285px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">118,516</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,179</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,094</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,295</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">129,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">084</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">107,127</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 97.6562px; top: 194.246px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffcb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 196.34px; width: 86.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 466.141px; top: 196.371px; width: 328.09px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">548</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,154</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">908</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,145</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,755</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 217.73px; width: 781.658px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">117,968</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,186</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">150</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">120,329</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">100,478</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Provisions for sales rebates are related to US Managed Care, Medicare, Medicaid, 340B Drug Pricing Program and o<span class="_ _0"/>ther types of US rebates, as well as rebates in a number of European countries and Canada. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.<span class="ls0 ws0"> Other provisions consist of various types of provisions, including contingent payments arising from bu<span class="_ _0"/>siness combinations and obligations in relation to employee benefits such as jubilee benefits. <span class="_ _d"/><span class="ls38 ws40">3. For non-</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current liabilities, provisions for sales rebates are expected to be settled after one year, provisions for product return<span class="_ _0"/>s will be utilised in 2025 and 2026. In the case of provisions for legal disputes, the timing of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement cannot be determined.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk is currently involved in pending litigations, claims and investigations </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising out of the normal conduct of its business. While provisions that Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deems to be reasonable and appropriate have been made for probable losses, there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are inherent uncertainties connected with these estimates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Since January 2021, Novo Nordisk has made a number of changes to its policy in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the US related to facilitating delivery of its discounted medicines to commercial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pharmacies that contract with covered entities participating in the 340B Drug Pricing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Program. On 30 January 2023, the US Court of Appeals for the Third Circuit issued a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ruling holding that Novo Nordisk’s drug distribution policy was consistent with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">340B statute. On 21 May 2024, the US Court of Appeals for the DC Circuit issued a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ruling in a related case involving other pharmaceutical manufacturers that similarly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">held that their drug distribution policies were consistent with the 340B statute. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, an appeal in another related case is still pending before the US Court of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Appeals for the Seventh Circuit, and as such</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> these cases may be subject to further </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">discretionary appellate review before the US Supreme Court. Depending on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outcome of the pending Seventh Circuit ruling and any subsequent appeals in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these matters, there may be a material impact on Novo Nordisk’s financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">position, net sales, operating profit and cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other provisions and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In February 2023, a class action lawsuit was filed by the City of Warwick Retirement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">System (“City of Warwick”) against Catalent, Inc. (“Catalent”) and co-defendants in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United States District Court for the District of New Jersey. The lawsuit alleges that the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">defendants artificially inflated Catalent’s revenue and made misleading statements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and omissions concerning Catalent’s quality control issues; compliance with the US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generally Accepted Accounting Principles; and the general demand for non-vaccine </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products. In December 2024, Novo Nordisk acquired three Catal<span class="_ _0"/>ent fill-finish sites </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Novo Holding A/S, including a portion of any potential financial liability </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">associated with the City of Warwick lawsuit. Novo Nordisk does not expect these </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">matters to have a material impact on Novo Nordisk’s financial position, operating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition to the above, Novo Nordisk is engaged in certain litigation proceedings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and various ongoing audits and investigations. In the opinion of Management, neither</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement nor continuation of such proceedings, nor such pending audits and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investigations, are expected to have a material effect on Novo Nordisk’s financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">position, operating profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING ONGOING LEGAL DISPUTES, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">LITIGATION AND INVESTIGATIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes consist of various types of provisions linked to ongoing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legal disputes. Management makes estimates regarding provisions and contingencies,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including the probability of pending and potential future litigation outcomes. These </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are by nature dependent on inherently uncertain future events. When determining </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">likely outcomes of litigation, etc., Management considers the input of external counsel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on each case, as well as known outcomes in case law. Although Management believes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the total provisions for legal proceedings are adequate based on currently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">available information, there can be no assurance that there will not be any changes in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">facts or matters, or that any future lawsuits, claims, proceedings or investigations will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not be material.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates and discounts granted to government agencies, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesalers, retail pharmacies, Managed Care and other customers are recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time the related revenues are recorded or when the incentives are offered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated based on Management's interpretation of applicable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">laws and regulations, historical experience and the specific terms in the individual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreements. Unsettled rebates are recognised as provisions when the timing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or amount is uncertain. Where absolute amounts are known, the rebates are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as other liabilities. Refer to note 2.1 for further information on sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and provisions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes are recognised where a legal or constructive obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been incurred as a result of past events and it is probable that there will be an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outflow of resources that can be reliably estimated. In this case, Novo Nordisk arrives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at an estimate based on an evaluation of the most likely outcome. Disputes for which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no reliable estimate can be made are disclosed as contingent liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are measured at the present value of the anticipated expenditure for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement. This is calculated using a pre-tax discount rate that reflects current market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessments of the time value of money and the risks specific to the obligation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk issues credit notes for expired goods as a part of normal business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where there is historical experience or a reasonably accurate estimate of expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future returns can otherwise be made, a provision for estimated product returns is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recorded. The provision is measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net<span class="ls0 ws0"> sales value.</span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.1 Net sales and rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gross-to-net sales reconciliation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:183.421875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.672px; top: 1.50391px; width: 24.0293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ffb7; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 310.703px; top: 0.0117187px; width: 77.543px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">680,563</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">608,645</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">455,692</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 388.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US Managed Care and Medicare</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5332px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(238,946)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(223,191)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(161,123)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 387.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US wholesaler charge-backs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.522px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(64,437)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(74,435)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.5742px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(56,443)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 388.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US Medicaid rebates</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(32,919)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(31,821)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24,667)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.668px; width: 388.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other US discounts and sales returns</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.0841px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(30,737)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,481)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(18,300)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 388.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US rebates, discounts and sales returns</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(367,039)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.1582px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(357,928)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.9316px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(260,533)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 388.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-US rebates, discounts and sales returns</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(23,121)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(18,456)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(18,205)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.059px; width: 388.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total gross-to-net sales adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2733px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(390,160)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(376,384)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(278,738)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 173.684px; width: 236.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.129px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 236.906px; top: 173.684px; width: 151.16px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:151.890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,878</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69,499</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50,822</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 37.9648px; width: 203.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional provisions, including increases to </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 50.6367px; width: 387.773px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">existing provisions</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 151.934px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">318,812</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">285,266</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.5742px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">206,354</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 69.7617px; width: 388.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amount paid during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(299,334)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(250,316)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(189,580)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.7148px; width: 208.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments regarding prior years, including </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 102.387px; width: 388.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">unused amounts reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(6,452)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,364)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,141)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.527px; width: 387.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.8029px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,207)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,044</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 142.152px; width: 237.311px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.103px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 237.311px; top: 142.152px; width: 150.475px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">118,516</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffb7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,878</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffb6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69,499</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales discounts and sales rebates are predominantly issued in th<span class="_ _0"/>e US. As such, total US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates, discounts and sales returns amounts to <span class="ls30 ws36">DKK (367,039) million</span>, corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to <span class="ls30 ws36">69%</span> of gross sales in the US (<span class="ls30 ws36">74% in 2023 and 75% in 2022</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates include US Managed Care, Medicare, Medicaid, 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Drug Pricing Program and other US rebate types, as well as rebates in a number </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of European countries and Canada. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing mechanisms in the US market </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the US, sales rebates are paid in connection with public healthcare insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes, including Medicare and Medicaid, as well as rebates to pharmacy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">benefit managers (PBMs) and managed healthcare plans. Key customers in the US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">include private payers, PBMs and government payers. PBMs and managed healthcare </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans play a role in negotiating price concessions with drug manufacturers for both </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the commercial and government channels, and determine which drugs are covered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on their formularies (or 'preferred drug lists').</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US Managed Care and Medicare</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For Managed Care and Medicare, rebates are offered to a number of PBMs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">managed healthcare plans. These rebate programmes allow the customer to receive a</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebate after attaining certain performance parameters relating to formulary status or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre-established market share thresholds. Rebate provisions are estimated according </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the specific terms in each agreement, historical experience, anticipated channel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mix, growth rates and market share information. Novo Nordisk adjusts the provision </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">periodically to reflect actual sales performance. Managed Care and Medicare rebates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are generally settled around <span class="ls30 ws36">100</span> days from the transaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US wholesaler charge-backs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs relate to contractual arrangements between Novo Nordisk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and indirect customers in the US whereby products are sold at contract prices lower </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than the list price originally charged to wholesalers. Chargeback provisions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimated using a combination of factors such as historical experience, current </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesaler inventory levels, contract terms and the value of claims received but not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yet processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs are generally settled within <span class="_ _0"/><span class="ls30 ws36">30 days<span class="ls0 ws0"> after </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receipt of claim. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In January 2021, Novo Nordisk changed its policy in the US related to the 340B Drug </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing Program, whereby Novo Nordisk no longer provides 340B statutory discounts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to certain pharmacies that contract with covered entities participating in the 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Drug Pricing Program. Novo Nordisk has recognised revenue related to the 340B Drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing Program to the extent that it is highly probable that its inclusion will not result </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in a significant revenue reversal in the future. Management’s assessment considers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretations of applicable laws, legal and administrative rulings, as well as attrition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and experience from historical claims. During 2024, additional provisions for 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statutory discounts of net USD <span class="ls30 ws36">0.8 billion</span> were recognised. As of 31 December 2024, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provisions for sales rebates comprise a provision for 340B statutory discounts of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD <span class="ls30 ws36">4.6 billion</span>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Refer to note <span class="ls30 ws36">3.5</span> for a more elaborate description of the ongoing litigation related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 340B Drug Pricing Program. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US Medicaid rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Medicaid is a government insurance programme. Medicaid rebates have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimated using a combination of historical experience, product and population </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">growth, price changes and the impact of contracting strategies. The calculation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">also involves interpretation of relevant regulations that are subject to changes in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretative guidance from government authorities. Novo Nordisk adjusts the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provision periodically to reflect actual sales performance. Medicaid rebates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are generally settled around <span class="ls30 ws36">150</span> days from the transaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other US and non-US discounts and sales returns</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other discounts are provided to distributors, wholesalers, hospitals, pharmacies, etc. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Further, discounts are provided to patients through different programmes.They are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually linked to sales volume or provided as cash discounts. Discounts are calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on historical data and recorded as a reduction in gross sales at the time the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">related sales are recorded. Sales returns relate to damaged or expired products.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other net sales disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024<span class="ls0 ws0">, Novo Nordisk had 3 major wholesalers distributing products in the US, </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">representing <span class="ls30 ws36">23%</span>, <span class="ls30 ws36">17% and 17%</span> respectively of global net sales (<span class="ls30 ws36">22%</span>, <span class="ls30 ws36">17% and 15% in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 and 19%<span class="ls0 ws0">, </span>14% and 13% in 2022<span class="ls0 ws0">). Sales to these 3 wholesalers are within both </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Diabetes and Obesity care and Rare disease.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net sales to be recognised from existing customer contracts containing fixed or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">minimum sales volumes, with an original term greater than 12 months, are expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to be DKK <span class="ls30 ws36">3,753 million</span> within 12 months (DKK <span class="ls30 ws36">3,166 million</span> in 2023) and DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5,822 million<span class="ls0 ws0"> thereafter (DKK </span>443 million<span class="ls0 ws0">). </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES OF SALES DEDUCTIONS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR SALES REBATES</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales deductions are estimated and provided for at the time the related sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recorded. These estimates of unsettled rebate, discount and product return </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations is considered a key accounting estimate as not all conditions are known </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time of sale, for example total sales volume to a given customer. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are based on analyses of existing contractual obligations and historical experience. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated on the basis of a percentage of sales for each product </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as defined by the contracts with the various customer groups. Provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales rebates are adjusted to actual amounts as rebates, discounts and returns </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue related to the 340B Drug Pricing Program can only be recognised to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">extent that it is highly probable that a significant reversal of the recognised revenue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will not occur. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers the provisions established for sales rebates to be reasonable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and appropriate based on the information currently available. However, the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of rebates and discounts may differ from the amounts estimated by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Management as more detailed information becomes available.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue from sale of goods is recognised when Novo Nordisk has transferred </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">control of products sold to the buyer and it is probable that Novo Nordisk will collect </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consideration to which it is entitled for transferring the products. Control of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products is transferred at a single point in time, typically on delivery. The amount of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales to be recognised is based on the consideration Novo Nordisk expects to receive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in exchange for its goods. When sales are recognised, Novo Nordisk also records </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates for a variety of sales deductions; including product returns as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and discounts to government agencies, wholesalers, health insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies, managed healthcare organisations and retail customers. Sales deductions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as a reduction of gross sales to arrive at net sales, by assessing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected value of the sales deductions (variable consideration). Where contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contain customer acceptance criteria, Novo Nordisk recognises sales when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance criteria are satisfied.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In some markets, Novo Nordisk sells products on a sale-or-return basis. Where there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is historical experience or a reasonably accurate estimate of future returns, estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">product returns are recorded as a reduction in sales. Where shipments of new </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products are made on a sale-or-return basis, without sufficient historical experience </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for estimating sales returns, revenue is recorded based on estimated demand and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance rates for well-established products with similar market characteristics. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar market characteristics do not exist, revenue is recorded when there is evidence </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of consumption or when the right of return has expired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unsettled rebates are recognised as provisions when the timing or amount is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain (note <span class="ls30 ws36">3.5</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where absolute amounts <span class="_ _0"/>are known, the rebates <span class="_ _0"/>are recognised as other <span class="_ _0"/>liabilities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs that are <span class="_ _0"/>absolute are netted <span class="_ _0"/>against trade receivable balances.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The impact of foreign currency hedging in the income statement is recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of financial items. Refer to notes <span class="ls30 ws36">4.4</span>, <span class="ls30 ws36">4.5 and 4.9</span> for more details on hedging<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments – Key figures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:250.26171875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.266px; top: 0px; width: 457.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.1017px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Rare disease</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.1px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.3555px; width: 791.725px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.4961px; width: 791.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.56px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271,764</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">215,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">098</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">156,412</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,639</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,163</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.6211px; width: 792.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.424px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(37,760)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(30,483)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(23,405)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,762)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,043)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(44,522)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(35,765)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,448)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.7461px; width: 792.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.742px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(57,840)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52,477)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(42,392)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,261)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,266)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,825)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(62,101)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(56,743)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(46,217)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.8867px; width: 792.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(41,490)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,073)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(20,157)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,572)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,370)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,890)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(48,062)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(32,443)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24,047)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.012px; width: 791.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.438px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(4,881)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,435)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,955)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(395)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(420)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(512)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,276)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,855)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,467)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 132.137px; width: 791.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9415px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,074)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">892</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(29)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">126</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">142</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,103)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">119</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,034</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.762px; width: 248.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment operating profit </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.613px; top: 152.762px; width: 543.557px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">127,719</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,623</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">67,395</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">620</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,951</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,414</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">128,339</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,574</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74,809</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.172px; width: 87.7734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Operating margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 254.781px; top: 172.902px; width: 58.4355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">47.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 313.217px; top: 171.402px; width: 130.506px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">46.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">43.1%</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 443.723px; top: 172.902px; width: 62.9531px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.676px; top: 171.402px; width: 124.869px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">36.1% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 631.545px; top: 172.902px; width: 68.5195px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">44.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.064px; top: 171.402px; width: 0.433594px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.498px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44.2%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 727.896px; top: 171.402px; width: 35.3789px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 763.275px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">42.3%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.512px; width: 792.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.5312px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,104)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,042)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,421)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,441)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,247)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,132)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,545)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7,289)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,553)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 208.652px; width: 791.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,262)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,153)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(280)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,300)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(529)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,562)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,124)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(809)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.109px; width: 223.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation, amortisation, impairment </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 240.512px; width: 248.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.326px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(16,366)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.602px; top: 239.012px; width: 26.291px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 310.893px; top: 239.012px; width: 31.0957px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">8,195)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 341.988px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 374.443px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,701)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 405.146px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.602px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,741)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 468.305px; top: 239.012px; width: 36.2695px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 504.574px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,218)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 535.277px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 567.732px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,661)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 598.436px; top: 239.012px; width: 26.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 625.359px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(19,107)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.635px; top: 239.012px; width: 36.9316px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 698.566px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,413)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 729.27px; top: 239.012px; width: 31.7227px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.992px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,362)</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk operates in <span class="ls30 ws36">two</span> segments based on therapies: Diabetes and Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare disease, representing the entirety of the Group's operations. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities of the segments include research, development, manufacturing and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">marketing of products within the following areas:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span><span class="ls31 ws37">Diabetes and Obesity <span class="_ _0"/>care: diabetes, <span class="_ _0"/>obesity, cardiovascular and <span class="_ _0"/>emerging therapy <span class="_ _0"/>areas</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Rare disease: rare blood disorders, rare endocrine disorders and hormone </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">replacement therapy.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Segment performance is evaluated on the basis of operating profit, consistent with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Consolidated financial statements. Financial income and expenses and income taxes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are managed at Group level and are not allocated to segments. There are no sales or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other transactions between the segments. Costs have generally been split between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments according to a specific allocation. Certain corporate overhead costs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocated between segments based on overall allocation keys. Other operating income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and expenses have been allocated to the <span class="ls30 ws36">two</span> segments based on the same p<span class="_ _0"/>rinciple.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, the US contributed <span class="ls30 ws36">10%</span> or more of total net sales. In 2023, the US also </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contributed <span class="ls30 ws36">10%</span> or more of total net sales. The country of domicile is Denmark, wh<span class="_ _0"/>ich </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is part of EMEA. Denmark is immaterial to Novo Nordisk's activities in terms of sales as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">99.2%<span class="ls0 ws0"> of total net sales are realised outside Denmark (</span>99.2 % in 2023<span class="ls0 ws0">). Sales are </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributed to geographical areas according to the location of the customer.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net sales – Segments and geographical areas</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:555.466796875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 478.922px; top: 0px; width: 558.023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total International Operations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.977px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total North America Operations</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1113.92px; top: 5.96875px; width: 96.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total Novo Nordisk </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1139.55px; top: 18.8398px; width: 0px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -849.75px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total IO</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.523px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EMEA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.7168px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">R</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">egion China</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 74.0392px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">Rest of World</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.0585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total NAO</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">US</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 35.3398px; width: 1224.81px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 249.879px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 56.1094px; width: 175.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care segment:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 40.6094px; top: 68.3711px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.1055px; width: 39.9375px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Ozempic</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,055</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,369</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,001</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,327</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,417</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,762</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,821</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,292</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,230</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,756</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">91,287</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">69,340</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">42,381</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">84,201</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">63,010</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 70.1055px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">120,342</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">95,718</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">59,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 40.9531px; top: 82.9805px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 84.7305px; width: 40.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rybelsus</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,231</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,389</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,155</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,136</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,714</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 84.7305px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">511</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 84.7305px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">131</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 84.7305px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">63</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,584</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,026</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,070</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,361</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,144</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,795</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,060</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,011</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23,301</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 33.1094px; top: 97.6055px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.3555px; width: 32.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Victoza</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,686</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,850</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,672</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,166</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,724</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 99.3555px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">975</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,256</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,289</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,428</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,470</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,796</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,814</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,650</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,613</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,482</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,664</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 99.3555px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,322</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.98px; width: 52.1836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total GLP-1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44,972</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,617</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">24,559</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,725</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,855</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,248</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,208</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,737</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,165</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,684</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,604</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.312px; top: 113.98px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">104,153</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">84,515</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">57,175</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">96,695</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">77,683</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">53,167</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 113.98px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">149,125</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1144.59px; top: 113.98px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">123,132</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">83,371</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 128.605px; width: 87.0293px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-acting insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,884</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,339</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,686</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,103</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,696</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,636</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,502</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,587</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,610</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,211</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,566</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,338</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,538</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,931</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,685</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,095</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,905</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,741</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 79.5312px; top: 141.48px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.23px; width: 78.9668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of which Awigli</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 313.703px; top: 143.23px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 360.359px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 405.297px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 454.969px; top: 143.23px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 495.125px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 540.375px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 589.484px; top: 143.23px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.828px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 674.75px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 719.672px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 765.219px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 810.047px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 860.453px; top: 143.23px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 899.547px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 944.406px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 991px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1036.09px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1079.84px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1123.7px; top: 143.23px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1170.7px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1214.75px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 85.9062px; top: 156.105px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 157.855px; width: 85.2598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Tresiba</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,494</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,864</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,092</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,876</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,435</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,485</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 157.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">978</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 157.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">848</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,050</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,640</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,581</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,557</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,411</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,261</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,806</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,333</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,723</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,905</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,752</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,353</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.3906px; top: 170.746px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.48px; width: 92.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of which Xultophy</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,217</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,400</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,185</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,831</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,716</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,414</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">409</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 172.48px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">647</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">639</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">286</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">409</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">281</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">325</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">399</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,503</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,219</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,809</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 88.4531px; top: 185.371px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.105px; width: 88.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Levemir</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,158</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,588</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,911</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,616</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,837</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">298</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">392</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">541</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">244</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">359</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">414</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,510</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,346</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,668</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,273</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,563</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,668</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,934</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,579</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.73px; width: 64.916px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Premix insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,143</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,342</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,570</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,622</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,784</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,441</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,912</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,722</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,331</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,489</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">646</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">517</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,789</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,574</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,562</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 90.5938px; top: 214.605px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.355px; width: 90.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Ryzodeg</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,929</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 216.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">701</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 216.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">587</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 216.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">495</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,782</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,965</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,218</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,446</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,178</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,176</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 855.422px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 899.547px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 944.406px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 991px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1036.09px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1079.84px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,929</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.3906px; top: 229.246px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 230.98px; width: 92.3379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which NovoMix</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,214</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,612</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,936</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,983</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,127</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,002</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,476</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,694</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,276</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,153</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,313</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">646</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">517</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,860</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,844</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,673</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 245.605px; width: 82.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fast-acting insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,563</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,415</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,826</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,934</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,695</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,456</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,474</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,942</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,155</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,175</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,428</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,959</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,534</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,773</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,265</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,522</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,463</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 75.4688px; top: 258.48px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 260.23px; width: 75.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Fiasp</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,609</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,512</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,354</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,289</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,266</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 584.453px; top: 260.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.828px; top: 260.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 674.75px; top: 260.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">320</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">246</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">260</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">661</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">606</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,869</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,173</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,003</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 101.656px; top: 273.105px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 274.855px; width: 101.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which NovoRapid</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,954</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,903</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,472</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,645</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,429</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,318</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,474</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,942</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,835</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,929</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,212</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,873</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,988</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,560</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,647</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,641</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 274.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,653</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 274.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,776</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 274.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,460</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 289.48px; width: 66.5742px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Human insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,388</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,508</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,762</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,919</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,983</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 289.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">806</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,812</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,820</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,002</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,713</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,579</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,460</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,678</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,535</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,605</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,967</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,594</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,186</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 304.105px; width: 55.541px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,978</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,230</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,760</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,019</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,287</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,218</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 304.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,760</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 304.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,848</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 654.188px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,302</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,199</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,095</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.484px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,240</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,395</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,792</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,192</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 304.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,818</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,054</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">55,373</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">48,022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,952</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 318.73px; width: 91.7227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Diabetes care</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,856</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,987</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,428</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">688</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">661</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">717</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">782</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">892</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,181</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">386</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">434</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">530</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">264</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">325</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">797</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">267</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">660</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,120</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,312</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,225</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 333.355px; width: 87.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total Diabetes care</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">85,806</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">77,834</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">67,384</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44,266</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">39,673</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,790</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 563.891px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,790</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 610.266px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,948</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 654.188px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,220</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.484px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,374</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.312px; top: 333.355px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">120,812</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">95,632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">72,164</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 964.891px; top: 333.355px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112,386</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">87,768</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">66,881</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 333.355px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">206,618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1147.05px; top: 333.355px; width: 34.3711px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">173,466</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1191.09px; top: 333.355px; width: 34.3711px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">139,548</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 35.6094px; top: 346.246px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 347.98px; width: 36.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Wegovy</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,425</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,913</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 403.625px; top: 347.98px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,513</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,913</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 538.703px; top: 347.98px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 347.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.828px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 674.75px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,716</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 765.219px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 810.047px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">46,781</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,430</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,770</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,430</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">58,206</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,188</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 38.8906px; top: 360.871px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 362.605px; width: 38.9062px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Saxenda</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,563</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,402</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,832</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,920</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,780</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,561</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">146</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">133</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,541</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,476</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,377</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,844</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">777</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,306</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,368</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,940</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 362.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,289</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 362.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,676</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.23px; width: 84.8965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total Obesity care </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,988</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,315</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,886</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,433</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,693</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,615</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 377.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">298</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 377.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">146</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 377.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">133</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,257</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,476</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">48,158</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,317</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,978</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">46,547</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,736</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,502</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">65,146</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41,632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,864</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 391.855px; width: 143.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 289.266px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,794</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">86,149</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">73,270</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,366</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,405</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 563.891px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,088</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 610.266px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,094</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 654.188px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,353</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">30,007</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">24,689</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.484px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,512</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.312px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,970</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 873.438px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">128,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">83,142</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 964.891px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">158,933</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1009.98px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">120,504</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">77,383</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271,764</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1144.59px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">215,098</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1188.64px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">156,412</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 408.842px; width: 116.818px; white-space: pre; word-spacing: 0.0102px; letter-spacing: -0.0102px; margin-left: 0px; font-size: 10.2px; font-family: ffbb; -webkit-text-stroke: 0.153px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare disease segment: </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 423.355px; width: 95.7363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare blood disorders</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,442</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,432</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,671</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,924</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,021</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,795</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 423.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">363</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 423.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">372</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 423.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">604</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,155</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,039</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,696</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,035</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,387</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,070</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,710</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 423.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 423.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,776</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 423.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,706</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 437.98px; width: 118.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Haemophilia A</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,906</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,939</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,769</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,231</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,271</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,137</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">236</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">223</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 437.98px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">81</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">439</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">445</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">548</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">483</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">569</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">537</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">468</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">543</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,454</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,338</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 452.605px; width: 118.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Haemophilia B</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 307.719px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 352.703px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">584</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 397.641px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">479</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">436</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">377</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 582.781px; top: 452.605px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.156px; top: 452.605px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 452.605px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">194</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">657</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">280</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">486</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">336</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">152</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 452.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,306</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 452.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,061</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1207.09px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">759</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 103.406px; top: 465.48px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 467.23px; width: 103.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which NovoSeven</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,735</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,789</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,335</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,168</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,285</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,311</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 467.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 467.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">136</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 467.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">510</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,457</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,368</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,514</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,248</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,169</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,973</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,135</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,065</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,811</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,983</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,958</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,308</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 481.855px; width: 115.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare endocrine disorders</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,032</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,045</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,904</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,038</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 582.781px; top: 481.855px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">246</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">953</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,130</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,426</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,961</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,791</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,234</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,922</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,205</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,993</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,836</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 496.48px; width: 87.1406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Rare disease</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 307.719px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">963</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,006</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,002</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">741</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">781</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">804</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 589.484px; top: 496.48px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 635.859px; top: 496.48px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 679.781px; top: 496.48px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">220</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">192</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">696</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">160</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">203</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">358</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,508</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,698</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 511.105px; width: 81.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare disease total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,437</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,483</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,577</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,501</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,831</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 511.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">413</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 511.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">593</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 511.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">856</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,321</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,389</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,890</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,202</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,680</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,965</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,030</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,273</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,639</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,163</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,542</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 528.092px; width: 163.682px; white-space: pre; word-spacing: 0.0102px; letter-spacing: -0.0102px; margin-left: 0px; font-size: 10.2px; font-family: ffbb; -webkit-text-stroke: 0.153px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total sales by geographical area</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 288.219px; top: 528.355px; width: 936.305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112,231</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">95,632</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">85,847</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">60,402</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">50,867</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,236</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">18,501</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,687</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,209</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">33,328</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,078</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,402</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.29688px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">178,172</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">136,629</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">91,107</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">167,402</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">127,534</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">84,656</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.967px; width: 155.092px; white-space: pre; word-spacing: 0.0102px; letter-spacing: -0.0102px; margin-left: 0px; font-size: 10.2px; font-family: ffbb; -webkit-text-stroke: 0.153px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total sales growth as reported</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 296.562px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 342.705px; top: 543.73px; width: 88.7812px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">11.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">16.7% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 431.486px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">18.7% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 477.629px; top: 543.73px; width: 88.752px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">15.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 566.381px; top: 545.23px; width: 51.9668px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">10.9% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.748px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 618.348px; top: 543.73px; width: 83.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2.9% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.748px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 701.803px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">18.7% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 747.945px; top: 543.73px; width: 88.793px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">10.5% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">28.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 836.738px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">30.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 882.881px; top: 543.73px; width: 88.7812px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">50.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">35.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 971.662px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">31.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1017.8px; top: 543.73px; width: 88.7812px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">50.6% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">34.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1106.59px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">25.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1152.73px; top: 543.73px; width: 0px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1152.57px; top: 543.73px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31.3%</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing mechanisms in the US market </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the US, sales rebates are paid in connection with public healthcare insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes, including Medicare and Medicaid, as well as rebates to pharmacy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">benefit managers (PBMs) and managed healthcare plans. Key customers in the US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">include private payers, PBMs and government payers. PBMs and managed healthcare </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans play a role in negotiating price concessions with drug manufacturers for both </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the commercial and government channels, and determine which drugs are covered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on their formularies (or 'preferred drug lists').</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US Managed Care and Medicare</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For Managed Care and Medicare, rebates are offered to a number of PBMs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">managed healthcare plans. These rebate programmes allow the customer to receive a</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebate after attaining certain performance parameters relating to formulary status or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre-established market share thresholds. Rebate provisions are estimated according </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the specific terms in each agreement, historical experience, anticipated channel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mix, growth rates and market share information. Novo Nordisk adjusts the provision </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">periodically to reflect actual sales performance. Managed Care and Medicare rebates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are generally settled around <span class="ls30 ws36">100</span> days from the transaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US wholesaler charge-backs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs relate to contractual arrangements between Novo Nordisk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and indirect customers in the US whereby products are sold at contract prices lower </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than the list price originally charged to wholesalers. Chargeback provisions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimated using a combination of factors such as historical experience, current </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesaler inventory levels, contract terms and the value of claims received but not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yet processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs are generally settled within <span class="_ _0"/><span class="ls30 ws36">30 days<span class="ls0 ws0"> after </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receipt of claim. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In January 2021, Novo Nordisk changed its policy in the US related to the 340B Drug </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing Program, whereby Novo Nordisk no longer provides 340B statutory discounts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to certain pharmacies that contract with covered entities participating in the 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Drug Pricing Program. Novo Nordisk has recognised revenue related to the 340B Drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pricing Program to the extent that it is highly probable that its inclusion will not result </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in a significant revenue reversal in the future. Management’s assessment considers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretations of applicable laws, legal and administrative rulings, as well as attrition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and experience from historical claims. During 2024, additional provisions for 340B </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statutory discounts of net USD <span class="ls30 ws36">0.8 billion</span> were recognised. As of 31 December 2024, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provisions for sales rebates comprise a provision for 340B statutory discounts of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD <span class="ls30 ws36">4.6 billion</span>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Refer to note <span class="ls30 ws36">3.5</span> for a more elaborate description of the ongoing litigation related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 340B Drug Pricing Program. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">US Medicaid rebates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Medicaid is a government insurance programme. Medicaid rebates have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimated using a combination of historical experience, product and population </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">growth, price changes and the impact of contracting strategies. The calculation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">also involves interpretation of relevant regulations that are subject to changes in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interpretative guidance from government authorities. Novo Nordisk adjusts the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provision periodically to reflect actual sales performance. Medicaid rebates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are generally settled around <span class="ls30 ws36">150</span> days from the transaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other US and non-US discounts and sales returns</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other discounts are provided to distributors, wholesalers, hospitals, pharmacies, etc. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Further, discounts are provided to patients through different programmes.They are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually linked to sales volume or provided as cash discounts. Discounts are calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on historical data and recorded as a reduction in gross sales at the time the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">related sales are recorded. Sales returns relate to damaged or expired products.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES OF SALES DEDUCTIONS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR SALES REBATES</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales deductions are estimated and provided for at the time the related sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recorded. These estimates of unsettled rebate, discount and product return </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations is considered a key accounting estimate as not all conditions are known </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time of sale, for example total sales volume to a given customer. The estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are based on analyses of existing contractual obligations and historical experience. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated on the basis of a percentage of sales for each product </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as defined by the contracts with the various customer groups. Provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales rebates are adjusted to actual amounts as rebates, discounts and returns </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are processed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue related to the 340B Drug Pricing Program can only be recognised to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">extent that it is highly probable that a significant reversal of the recognised revenue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will not occur. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers the provisions established for sales rebates to be reasonable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and appropriate based on the information currently available. However, the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of rebates and discounts may differ from the amounts estimated by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Management as more detailed information becomes available.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue from sale of goods is recognised when Novo Nordisk has transferred </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">control of products sold to the buyer and it is probable that Novo Nordisk will collect </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consideration to which it is entitled for transferring the products. Control of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products is transferred at a single point in time, typically on delivery. The amount of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales to be recognised is based on the consideration Novo Nordisk expects to receive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in exchange for its goods. When sales are recognised, Novo Nordisk also records </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates for a variety of sales deductions; including product returns as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and discounts to government agencies, wholesalers, health insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies, managed healthcare organisations and retail customers. Sales deductions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as a reduction of gross sales to arrive at net sales, by assessing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected value of the sales deductions (variable consideration). Where contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contain customer acceptance criteria, Novo Nordisk recognises sales when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance criteria are satisfied.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In some markets, Novo Nordisk sells products on a sale-or-return basis. Where there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is historical experience or a reasonably accurate estimate of future returns, estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">product returns are recorded as a reduction in sales. Where shipments of new </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products are made on a sale-or-return basis, without sufficient historical experience </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for estimating sales returns, revenue is recorded based on estimated demand and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance rates for well-established products with similar market characteristics. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar market characteristics do not exist, revenue is recorded when there is evidence </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of consumption or when the right of return has expired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unsettled rebates are recognised as provisions when the timing or amount is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain (note <span class="ls30 ws36">3.5</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where absolute amounts <span class="_ _0"/>are known, the rebates <span class="_ _0"/>are recognised as other <span class="_ _0"/>liabilities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs that are <span class="_ _0"/>absolute are netted <span class="_ _0"/>against trade receivable balances.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The impact of foreign currency hedging in the income statement is recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of financial items. Refer to notes <span class="ls30 ws36">4.4</span>, <span class="ls30 ws36">4.5 and 4.9</span> for more details on hedging<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue from sale of goods is recognised when Novo Nordisk has transferred </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">control of products sold to the buyer and it is probable that Novo Nordisk will collect </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consideration to which it is entitled for transferring the products. Control of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products is transferred at a single point in time, typically on delivery. The amount of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales to be recognised is based on the consideration Novo Nordisk expects to receive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in exchange for its goods. When sales are recognised, Novo Nordisk also records </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates for a variety of sales deductions; including product returns as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and discounts to government agencies, wholesalers, health insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies, managed healthcare organisations and retail customers. Sales deductions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as a reduction of gross sales to arrive at net sales, by assessing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected value of the sales deductions (variable consideration). Where contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contain customer acceptance criteria, Novo Nordisk recognises sales when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance criteria are satisfied.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In some markets, Novo Nordisk sells products on a sale-or-return basis. Where there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is historical experience or a reasonably accurate estimate of future returns, estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">product returns are recorded as a reduction in sales. Where shipments of new </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products are made on a sale-or-return basis, without sufficient historical experience </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for estimating sales returns, revenue is recorded based on estimated demand and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acceptance rates for well-established products with similar market characteristics. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar market characteristics do not exist, revenue is recorded when there is evidence </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of consumption or when the right of return has expired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unsettled rebates are recognised as provisions when the timing or amount is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain (note <span class="ls30 ws36">3.5</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where absolute amounts <span class="_ _0"/>are known, the rebates <span class="_ _0"/>are recognised as other <span class="_ _0"/>liabilities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wholesaler charge-backs that are <span class="_ _0"/>absolute are netted <span class="_ _0"/>against trade receivable balances.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The impact of foreign currency hedging in the income statement is recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of financial items. Refer to notes <span class="ls30 ws36">4.4</span>, <span class="ls30 ws36">4.5 and 4.9</span> for more details on hedging<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.2 Segment information</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments – Key figures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:250.26171875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.266px; top: 0px; width: 457.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.1017px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Rare disease</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.1px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.3555px; width: 791.725px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.4961px; width: 791.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.56px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271,764</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">215,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">098</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">156,412</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,639</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,163</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.6211px; width: 792.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.424px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(37,760)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(30,483)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(23,405)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,762)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,043)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(44,522)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(35,765)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,448)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.7461px; width: 792.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.742px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(57,840)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52,477)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(42,392)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,261)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,266)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,825)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(62,101)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(56,743)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(46,217)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.8867px; width: 792.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(41,490)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,073)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(20,157)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,572)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,370)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,890)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(48,062)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(32,443)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24,047)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.012px; width: 791.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.438px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(4,881)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,435)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,955)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(395)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(420)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(512)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,276)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,855)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,467)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 132.137px; width: 791.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9415px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,074)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">892</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(29)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">126</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">142</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,103)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">119</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,034</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.762px; width: 248.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment operating profit </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.613px; top: 152.762px; width: 543.557px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">127,719</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,623</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">67,395</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">620</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,951</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,414</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">128,339</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,574</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74,809</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.172px; width: 87.7734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Operating margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 254.781px; top: 172.902px; width: 58.4355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">47.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 313.217px; top: 171.402px; width: 130.506px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">46.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">43.1%</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 443.723px; top: 172.902px; width: 62.9531px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.676px; top: 171.402px; width: 124.869px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">36.1% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 631.545px; top: 172.902px; width: 68.5195px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">44.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.064px; top: 171.402px; width: 0.433594px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.498px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44.2%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 727.896px; top: 171.402px; width: 35.3789px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 763.275px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">42.3%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.512px; width: 792.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.5312px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,104)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,042)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,421)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,441)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,247)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,132)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,545)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7,289)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,553)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 208.652px; width: 791.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,262)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,153)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(280)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,300)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(529)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,562)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,124)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(809)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.109px; width: 223.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation, amortisation, impairment </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 240.512px; width: 248.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.326px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(16,366)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.602px; top: 239.012px; width: 26.291px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 310.893px; top: 239.012px; width: 31.0957px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">8,195)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 341.988px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 374.443px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,701)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 405.146px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.602px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,741)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 468.305px; top: 239.012px; width: 36.2695px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 504.574px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,218)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 535.277px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 567.732px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,661)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 598.436px; top: 239.012px; width: 26.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 625.359px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(19,107)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.635px; top: 239.012px; width: 36.9316px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 698.566px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,413)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 729.27px; top: 239.012px; width: 31.7227px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.992px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,362)</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk operates in <span class="ls30 ws36">two</span> segments based on therapies: Diabetes and Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare disease, representing the entirety of the Group's operations. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities of the segments include research, development, manufacturing and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">marketing of products within the following areas:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span><span class="ls31 ws37">Diabetes and Obesity <span class="_ _0"/>care: diabetes, <span class="_ _0"/>obesity, cardiovascular and <span class="_ _0"/>emerging therapy <span class="_ _0"/>areas</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Rare disease: rare blood disorders, rare endocrine disorders and hormone </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">replacement therapy.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Segment performance is evaluated on the basis of operating profit, consistent with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Consolidated financial statements. Financial income and expenses and income taxes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are managed at Group level and are not allocated to segments. There are no sales or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other transactions between the segments. Costs have generally been split between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments according to a specific allocation. Certain corporate overhead costs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocated between segments based on overall allocation keys. Other operating income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">and expenses have been allocated to the <span class="ls30 ws36">two</span> segments based on the same p<span class="_ _0"/>rinciple.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments are reported in a manner consistent with the internal reporting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provided to Executive Management and the Board of Directors. We consider Executive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management to be the operating decision-making body.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Geographical areas</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024<span class="ls0 ws0">, Novo Nordisk operated in </span>two<span class="ls0 ws0"> main commercial units:</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>International Operations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>EMEA: Europe, the Middle East and Africa.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span><span class="ls30 ws36">Region China: Mainland China, Hong Kong and Ta<span class="_ _4"/>iwan.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Rest of World: All other countries except for North America.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>North America Operations (the US and Canada).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, the US contributed <span class="ls30 ws36">10%</span> or more of total net sales. In 2023, the US also </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contributed <span class="ls30 ws36">10%</span> or more of total net sales. The country of domicile is Denmark, wh<span class="_ _0"/>ich </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is part of EMEA. Denmark is immaterial to Novo Nordisk's activities in terms of sales as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">99.2%<span class="ls0 ws0"> of total net sales are realised outside Denmark (</span>99.2 % in 2023<span class="ls0 ws0">). Sales are </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">attributed to geographical areas according to the location of the customer.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Total property, plant and equipment and intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 273,578 million<span class="ls0 ws0"> (</span>DKK 151,367 million in 2023<span class="ls0 ws0">), </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of which DKK 177,471 million<span class="ls0 ws0"> is </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">located in Denmark (<span class="ls30 ws36">DKK 82,274 million in 2023</span>) and <span class="ls30 ws36">DKK 57,141 million</span> is located in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the US (<span class="ls30 ws36">DKK 46,609 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net sales – Segments and geographical areas</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:555.466796875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 478.922px; top: 0px; width: 558.023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total International Operations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.977px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total North America Operations</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1113.92px; top: 5.96875px; width: 96.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total Novo Nordisk </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1139.55px; top: 18.8398px; width: 0px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -849.75px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total IO</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.523px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EMEA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.7168px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">R</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">egion China</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 74.0392px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">Rest of World</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.0585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total NAO</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">US</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 35.3398px; width: 1224.81px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 249.879px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 56.1094px; width: 175.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care segment:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 40.6094px; top: 68.3711px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.1055px; width: 39.9375px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Ozempic</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,055</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,369</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,001</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,327</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,417</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,762</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,821</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,292</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,230</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 70.1055px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,756</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">91,287</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">69,340</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">42,381</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">84,201</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">63,010</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 70.1055px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">120,342</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">95,718</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 70.1055px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">59,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 40.9531px; top: 82.9805px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 84.7305px; width: 40.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rybelsus</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,231</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,389</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,155</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,136</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,714</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 84.7305px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">511</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 84.7305px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">131</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 84.7305px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">63</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,584</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,026</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,070</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,361</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,144</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,795</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,060</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 84.7305px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,011</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23,301</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 84.7305px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 33.1094px; top: 97.6055px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.3555px; width: 32.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Victoza</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,686</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,850</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,672</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,166</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,724</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 99.3555px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">975</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,256</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,289</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,428</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,470</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,796</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,814</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,650</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,613</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,482</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 99.3555px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,664</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 99.3555px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,322</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.98px; width: 52.1836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total GLP-1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44,972</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,617</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">24,559</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,725</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,855</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,248</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,208</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,737</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,165</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,684</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 113.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,604</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.312px; top: 113.98px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">104,153</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">84,515</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">57,175</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">96,695</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">77,683</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">53,167</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 113.98px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">149,125</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1144.59px; top: 113.98px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">123,132</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 113.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">83,371</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 128.605px; width: 87.0293px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-acting insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,884</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,339</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,686</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,103</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,696</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,636</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,502</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,587</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,610</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,211</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,566</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,338</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,538</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,931</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 128.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,685</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,095</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,905</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 128.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,741</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 79.5312px; top: 141.48px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.23px; width: 78.9668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of which Awigli</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 313.703px; top: 143.23px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 360.359px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 405.297px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 454.969px; top: 143.23px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 495.125px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 540.375px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 589.484px; top: 143.23px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.828px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 674.75px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 719.672px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 765.219px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 810.047px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 860.453px; top: 143.23px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 899.547px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 944.406px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 991px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1036.09px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1079.84px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1123.7px; top: 143.23px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1170.7px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1214.75px; top: 143.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 85.9062px; top: 156.105px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 157.855px; width: 85.2598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Tresiba</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,494</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,864</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,092</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,876</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,435</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,485</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 157.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">978</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 157.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">848</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,050</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,640</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,581</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,557</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,411</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,261</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,806</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,333</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,723</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,905</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,752</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 157.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,353</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.3906px; top: 170.746px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.48px; width: 92.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of which Xultophy</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,217</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,400</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,185</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,831</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,716</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,414</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">409</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 172.48px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">647</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">639</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">286</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">409</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">281</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">325</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 172.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">399</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,503</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,219</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 172.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,809</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 88.4531px; top: 185.371px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.105px; width: 88.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Levemir</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,158</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,588</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,911</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,616</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,837</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">298</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">392</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">541</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">244</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">359</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 187.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">414</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,510</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,346</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,668</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,273</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,563</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,668</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,934</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 187.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,579</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.73px; width: 64.916px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Premix insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,143</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,342</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,570</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,622</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,784</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,441</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,912</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,722</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,331</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,489</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">646</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 201.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">517</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,789</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 201.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,574</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 201.73px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,562</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 90.5938px; top: 214.605px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.355px; width: 90.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Ryzodeg</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,929</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 216.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">701</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 216.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">587</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 216.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">495</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,782</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,965</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,218</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,446</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,178</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,176</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 855.422px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 899.547px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 944.406px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 991px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1036.09px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1079.84px; top: 216.355px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,929</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 216.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.3906px; top: 229.246px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 230.98px; width: 92.3379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which NovoMix</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,214</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,612</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,936</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,983</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,127</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,002</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,476</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,694</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,276</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,153</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,313</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">646</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 230.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">517</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,860</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,844</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 230.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,673</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 245.605px; width: 82.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fast-acting insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,563</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,415</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,826</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,934</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,695</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,456</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,474</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,942</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,155</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,175</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,428</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,959</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,534</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,773</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,265</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 245.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,522</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 245.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,463</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 75.4688px; top: 258.48px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 260.23px; width: 75.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Fiasp</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,609</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,512</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,354</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,289</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,266</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 584.453px; top: 260.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.828px; top: 260.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 674.75px; top: 260.23px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">320</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">246</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">260</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">661</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 260.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">606</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,869</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,173</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 260.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,003</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 101.656px; top: 273.105px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 274.855px; width: 101.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which NovoRapid</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,954</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,903</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,472</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,645</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,429</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,318</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,474</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,942</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,835</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,929</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,212</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,873</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,988</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,560</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,647</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 274.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,641</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 274.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,653</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 274.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,776</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 274.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,460</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 289.48px; width: 66.5742px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Human insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,388</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,508</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,762</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,919</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,983</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 289.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">806</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,812</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,820</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,002</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,713</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,579</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,460</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,678</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,535</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,605</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,967</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,594</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 289.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,186</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 304.105px; width: 55.541px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total insulin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,978</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,230</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">38,760</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,019</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,287</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,218</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 569.984px; top: 304.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,760</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 616.359px; top: 304.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,848</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 654.188px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,302</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,199</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,095</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.484px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,240</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,395</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,792</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,192</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 304.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,818</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,054</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">55,373</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">48,022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 304.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,952</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 318.73px; width: 91.7227px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Diabetes care</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,856</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,987</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,428</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">688</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">661</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">717</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">782</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">892</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 660.281px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,181</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">386</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">434</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">530</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">264</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">325</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">797</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">267</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 318.73px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">660</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,120</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,312</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 318.73px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,225</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 333.355px; width: 87.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total Diabetes care</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">85,806</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">77,834</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">67,384</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44,266</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">39,673</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,790</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 563.891px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,790</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 610.266px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,948</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 654.188px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,220</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23,750</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.484px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,374</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.312px; top: 333.355px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">120,812</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">95,632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">72,164</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 964.891px; top: 333.355px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112,386</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">87,768</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 333.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">66,881</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 333.355px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">206,618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1147.05px; top: 333.355px; width: 34.3711px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">173,466</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1191.09px; top: 333.355px; width: 34.3711px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">139,548</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 35.6094px; top: 346.246px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 347.98px; width: 36.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Wegovy</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,425</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,913</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 403.625px; top: 347.98px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,513</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,913</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 538.703px; top: 347.98px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 347.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.828px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 674.75px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,716</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 765.219px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 810.047px; top: 347.98px; width: 9.75586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">46,781</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,430</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,770</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,430</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">58,206</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 347.98px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 347.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,188</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 38.8906px; top: 360.871px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 362.605px; width: 38.9062px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Saxenda</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,563</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,402</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,832</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,920</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,780</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,561</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">146</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">133</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,541</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,476</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,377</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,844</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 362.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">777</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,306</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,368</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 362.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,940</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 362.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,289</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 362.605px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,676</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.23px; width: 84.8965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total Obesity care </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.812px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,988</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,315</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,886</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,433</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,693</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,615</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 377.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">298</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 377.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">146</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 377.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">133</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,257</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,476</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 377.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 834.859px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">48,158</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 878.984px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,317</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,978</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 970.438px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">46,547</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1015.53px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,736</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,502</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">65,146</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41,632</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 377.23px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,864</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 391.855px; width: 143.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 289.266px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,794</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.797px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">86,149</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">73,270</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.375px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 474.562px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,366</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 519.812px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,405</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 563.891px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,088</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 610.266px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,094</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 654.188px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,353</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 699.109px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">30,007</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 744.656px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">24,689</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.484px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,512</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.312px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,970</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 873.438px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">128,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 923.844px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">83,142</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 964.891px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">158,933</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1009.98px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">120,504</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1059.28px; top: 391.855px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">77,383</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1099.27px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271,764</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1144.59px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">215,098</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1188.64px; top: 391.855px; width: 36.0117px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">156,412</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 408.842px; width: 116.818px; white-space: pre; word-spacing: 0.0102px; letter-spacing: -0.0102px; margin-left: 0px; font-size: 10.2px; font-family: ffbb; -webkit-text-stroke: 0.153px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare disease segment: </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 423.355px; width: 95.7363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare blood disorders</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,442</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,432</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,671</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,924</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,021</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,795</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 423.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">363</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 423.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">372</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 423.355px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">604</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,155</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,039</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,696</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,035</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,387</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,070</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 423.355px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,710</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 423.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 423.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,776</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 423.355px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11,706</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 437.98px; width: 118.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Haemophilia A</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,906</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,939</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,769</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,231</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,271</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,137</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">236</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">223</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 437.98px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">81</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">439</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">445</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">548</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">483</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">569</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">537</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">468</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 437.98px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">543</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,454</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 437.98px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,338</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 452.605px; width: 118.781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which Haemophilia B</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 307.719px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 352.703px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">584</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 397.641px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">479</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">436</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">377</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 582.781px; top: 452.605px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.156px; top: 452.605px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.078px; top: 452.605px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">196</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">194</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">657</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">280</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">486</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">336</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">152</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 452.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,306</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 452.605px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,061</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1207.09px; top: 452.605px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">759</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 103.406px; top: 465.48px; width: 5.27344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffbc; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">®</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 467.23px; width: 103.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">of which NovoSeven</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,735</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,789</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,335</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,168</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,285</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,311</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 467.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 467.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">136</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 467.23px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">510</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,457</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,368</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,514</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,248</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,169</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,973</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,135</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,065</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,811</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,983</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,958</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 467.23px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,308</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 481.855px; width: 115.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare endocrine disorders</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,032</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,045</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,904</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,038</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,232</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 582.781px; top: 481.855px; width: 11.1387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">246</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 481.855px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">953</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,130</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,426</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,961</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,791</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,234</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,922</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,205</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,993</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,836</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 481.855px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 496.48px; width: 87.1406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Rare disease</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 307.719px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">963</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,006</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 390.828px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,002</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.281px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">741</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 487.469px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">781</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.719px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">804</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 589.484px; top: 496.48px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 635.859px; top: 496.48px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 679.781px; top: 496.48px; width: 5.57812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.016px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">213</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.562px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">220</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 802.391px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">192</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 847.766px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 891.891px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">545</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 936.75px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">696</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 983.344px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">160</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1028.44px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">203</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1072.19px; top: 496.48px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">358</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1110.91px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,508</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.23px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1200.28px; top: 496.48px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,698</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 511.105px; width: 81.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Rare disease total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.906px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,437</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 345.891px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,483</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 384.734px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,577</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.469px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.656px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,501</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.906px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,831</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 576.797px; top: 511.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">413</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 623.172px; top: 511.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">593</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 667.094px; top: 511.105px; width: 16.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">856</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 705.203px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,321</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 750.75px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,389</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.578px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,890</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 840.953px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,202</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 885.078px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,680</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 929.938px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,965</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 976.531px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1021.62px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,030</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1065.38px; top: 511.105px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,273</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1104.81px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18,639</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1150.14px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,163</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1194.19px; top: 511.105px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,542</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 528.092px; width: 163.682px; white-space: pre; word-spacing: 0.0102px; letter-spacing: -0.0102px; margin-left: 0px; font-size: 10.2px; font-family: ffbb; -webkit-text-stroke: 0.153px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total sales by geographical area</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 288.219px; top: 528.355px; width: 936.305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112,231</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">95,632</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">85,847</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">60,402</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">50,867</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,236</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">18,501</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,687</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,209</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">33,328</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,078</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,402</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.29688px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">178,172</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">136,629</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">91,107</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">167,402</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">127,534</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">84,656</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.84768px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.967px; width: 155.092px; white-space: pre; word-spacing: 0.0102px; letter-spacing: -0.0102px; margin-left: 0px; font-size: 10.2px; font-family: ffbb; -webkit-text-stroke: 0.153px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total sales growth as reported</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 296.562px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 342.705px; top: 543.73px; width: 88.7812px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">11.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">16.7% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 431.486px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">18.7% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 477.629px; top: 543.73px; width: 88.752px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">15.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 566.381px; top: 545.23px; width: 51.9668px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">10.9% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.748px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 618.348px; top: 543.73px; width: 83.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2.9% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.748px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 701.803px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">18.7% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 747.945px; top: 543.73px; width: 88.793px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">10.5% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">28.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 836.738px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">30.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 882.881px; top: 543.73px; width: 88.7812px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">50.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">35.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 971.662px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">31.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1017.8px; top: 543.73px; width: 88.7812px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">50.6% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.9531px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">34.4% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1106.59px; top: 545.23px; width: 46.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">25.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffbb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1152.73px; top: 543.73px; width: 0px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1152.57px; top: 543.73px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31.3%</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments – Key figures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:250.26171875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.266px; top: 0px; width: 457.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.1017px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Rare disease</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.1px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.3555px; width: 791.725px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.4961px; width: 791.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.56px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271,764</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">215,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">098</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">156,412</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,639</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,163</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.6211px; width: 792.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.424px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(37,760)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(30,483)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(23,405)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,762)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,043)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(44,522)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(35,765)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,448)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.7461px; width: 792.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.742px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(57,840)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52,477)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(42,392)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,261)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,266)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,825)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(62,101)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(56,743)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(46,217)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.8867px; width: 792.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(41,490)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,073)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(20,157)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,572)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,370)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,890)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(48,062)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(32,443)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24,047)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.012px; width: 791.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.438px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(4,881)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,435)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,955)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(395)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(420)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(512)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,276)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,855)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,467)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 132.137px; width: 791.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9415px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,074)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">892</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(29)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">126</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">142</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,103)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">119</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,034</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.762px; width: 248.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment operating profit </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.613px; top: 152.762px; width: 543.557px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">127,719</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,623</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">67,395</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">620</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,951</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,414</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">128,339</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,574</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74,809</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.172px; width: 87.7734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Operating margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 254.781px; top: 172.902px; width: 58.4355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">47.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 313.217px; top: 171.402px; width: 130.506px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">46.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">43.1%</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 443.723px; top: 172.902px; width: 62.9531px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.676px; top: 171.402px; width: 124.869px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">36.1% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 631.545px; top: 172.902px; width: 68.5195px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">44.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.064px; top: 171.402px; width: 0.433594px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.498px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44.2%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 727.896px; top: 171.402px; width: 35.3789px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 763.275px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">42.3%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.512px; width: 792.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.5312px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,104)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,042)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,421)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,441)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,247)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,132)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,545)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7,289)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,553)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 208.652px; width: 791.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,262)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,153)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(280)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,300)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(529)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,562)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,124)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(809)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.109px; width: 223.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation, amortisation, impairment </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 240.512px; width: 248.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.326px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(16,366)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.602px; top: 239.012px; width: 26.291px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 310.893px; top: 239.012px; width: 31.0957px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">8,195)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 341.988px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 374.443px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,701)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 405.146px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.602px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,741)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 468.305px; top: 239.012px; width: 36.2695px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 504.574px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,218)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 535.277px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 567.732px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,661)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 598.436px; top: 239.012px; width: 26.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 625.359px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(19,107)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.635px; top: 239.012px; width: 36.9316px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 698.566px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,413)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 729.27px; top: 239.012px; width: 31.7227px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.992px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,362)</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments – Key figures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:250.26171875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.266px; top: 0px; width: 457.588px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diabetes and Obesity care</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.1017px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Rare disease</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.1px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.3555px; width: 791.725px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.4961px; width: 791.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.56px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271,764</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">215,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">098</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">156,412</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,639</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,163</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">290,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">232,261</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">176,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.6211px; width: 792.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.424px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(37,760)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(30,483)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(23,405)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,762)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,043)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(44,522)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(35,765)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,448)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.7461px; width: 792.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.742px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(57,840)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52,477)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(42,392)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,261)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,266)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,825)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(62,101)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(56,743)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(46,217)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.8867px; width: 792.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(41,490)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(28,073)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(20,157)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,572)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,370)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,890)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(48,062)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(32,443)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24,047)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.012px; width: 791.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.438px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(4,881)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,435)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,955)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(395)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(420)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(512)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,276)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,855)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,467)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 132.137px; width: 791.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9415px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,074)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">892</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(29)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">126</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">142</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,103)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">119</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,034</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.762px; width: 248.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment operating profit </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.613px; top: 152.762px; width: 543.557px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">127,719</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,623</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">67,395</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">620</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,951</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,414</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">128,339</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,574</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74,809</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.172px; width: 87.7734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Operating margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 254.781px; top: 172.902px; width: 58.4355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">47.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 313.217px; top: 171.402px; width: 130.506px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">46.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">43.1%</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 443.723px; top: 172.902px; width: 62.9531px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3.3% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.676px; top: 171.402px; width: 124.869px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">17.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">36.1% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 631.545px; top: 172.902px; width: 68.5195px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">44.2% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.064px; top: 171.402px; width: 0.433594px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 700.498px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44.2%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 727.896px; top: 171.402px; width: 35.3789px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 763.275px; top: 171.402px; width: 27.3984px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">42.3%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.512px; width: 792.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.5312px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,104)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,042)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,421)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,441)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,247)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,132)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,545)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7,289)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,553)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 208.652px; width: 791.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,262)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,153)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(280)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,300)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(529)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,562)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,124)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(809)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.109px; width: 223.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation, amortisation, impairment </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 240.512px; width: 248.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffb9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 248.326px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(16,366)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.602px; top: 239.012px; width: 26.291px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 310.893px; top: 239.012px; width: 31.0957px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">8,195)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 341.988px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 374.443px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,701)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 405.146px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.602px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,741)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 468.305px; top: 239.012px; width: 36.2695px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 504.574px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,218)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 535.277px; top: 239.012px; width: 32.4551px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 567.732px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,661)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 598.436px; top: 239.012px; width: 26.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 625.359px; top: 239.012px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(19,107)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.635px; top: 239.012px; width: 36.9316px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 698.566px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,413)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 729.27px; top: 239.012px; width: 31.7227px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.992px; top: 239.012px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffba; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,362)</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk operates in <span class="ls30 ws36">two</span> segments based on therapies: Diabetes and Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare disease, representing the entirety of the Group's operations. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities of the segments include research, development, manufacturing and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">marketing of products within the following areas:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span><span class="ls31 ws37">Diabetes and Obesity <span class="_ _0"/>care: diabetes, <span class="_ _0"/>obesity, cardiovascular and <span class="_ _0"/>emerging therapy <span class="_ _0"/>areas</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Rare disease: rare blood disorders, rare endocrine disorders and hormone </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">replacement therapy.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Segment performance is evaluated on the basis of operating profit, consistent with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Consolidated financial statements. Financial income and expenses and income taxes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are managed at Group level and are not allocated to segments. There are no sales or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other transactions between the segments. Costs have generally been split between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments according to a specific allocation. Certain corporate overhead costs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocated between segments based on overall allocation keys. Other operating income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and expenses have been allocated to the <span class="ls30 ws36">two</span> segments based on the same p<span class="_ _0"/>rinciple.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:215.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.084px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 234.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Employee costs (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 234.152px; top: 17.1211px; width: 153.885px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,923</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,429</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,952</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2617px; width: 247.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation, intangible assets (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2752px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 247.553px; top: 36.2617px; width: 140.766px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">931</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">649</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">604</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.9492px; width: 154.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses and reversals, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 66.6211px; width: 239.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible assets (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.766px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 239.49px; top: 66.6211px; width: 148.424px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,912</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,108</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">760</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 84.3242px; width: 155.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation, property, plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.9961px; width: 239.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.2</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 239.127px; top: 96.9961px; width: 148.816px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">120</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,053</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.699px; width: 181.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses, property, plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 127.371px; width: 253.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.2</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.225px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 253.031px; top: 127.371px; width: 134.977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">78</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.748px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 146.496px; width: 233.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Clinical trial cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.924px; top: 146.496px; width: 153.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,232</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,468</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,313</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 165.621px; width: 239.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 239.777px; top: 165.621px; width: 148.529px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,866</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,476</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,496</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.262px; width: 233.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.531px; top: 186.262px; width: 64.2305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">48,062</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 297.762px; top: 184.762px; width: 90.0469px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,443</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24,047</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.387px; width: 236.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As percentage of net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.522px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 236.355px; top: 205.387px; width: 64.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">16.6% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 301.061px; top: 203.887px; width: 87.0938px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">14.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">13.6%</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's research and development is mainly focused on:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Insulins, GLP-1s and other therapeutic compounds for diabetes treatment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>GLP-1s, combinations and new modes of action for Obesity care</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Blood-clotting factors and new modes of action for treatment of haemophilia </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other rare blood disorders</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Novel targets within cardiovascular disease focusing on ASCVD and Heart failure</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Human growth hormone and new modes of action for treatment of growth </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disorders and other rare endocrine disorders</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>New indications with existing assets within MASH, Alzheimer’s disease and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">chronic kidney disease</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Research technology platforms including cell therapy and RNAi for treatment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">MASH, cardiovascular disease, chronic kidney disease and Parkinson's disease, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">among others</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The research activities mainly utilise biotechnological methods based on advanced </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">protein chemistry and protein engineering. These methods have played a key role in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the development of the production technology used to manufacture insulin, GLP-1, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recombinant blood-clotting factors and human growth hormone. Research activities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">further utilise digital scientific methodologies and other technology platforms </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including stem cells, gene therapy, small molecules and RNAi therapies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development activities are mainly carried out by Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">research and development centres in Denmark, the US, the UK and China. Clinical </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trials are carried out all over the world. Novo Nordisk also enters into partnerships </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and licence agreements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other research and development costs mainly comprise external consulting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fees, IT services, facilities, consumables and other operational costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk expenses all research costs. Due to significant regulatory uncertainties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other uncertainties inherent in the development of new products, internal and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subcontracted development costs are also expensed as they are incurred, in line with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">industry practice. This means that they do not qualify for capitalisation as intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets until marketing approval by a regulatory authority is obtained or considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable. Costs for post-approval activities that are required by authorities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a condition for obtaining regulatory approval are recognised as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development costs primarily comprise employee costs as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal and external costs related to execution of studies, including manufacturing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs and facility costs of the research centres. The costs also comprise amortisation, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and impairment losses related to intellectual property rights and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">property, plant and equipment used in the research and development activities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisations of intellectual property rights related to marketed products are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in cost of goods sold. Royalty expenses paid to partners after regulatory </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval are also expensed as cost of goods sold.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contractual research and development obligations to be paid in the future are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosed separately as commitments in note <span class="ls30 ws36">5.2</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating segments are reported in a manner consistent with the internal reporting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">provided to Executive Management and the Board of Directors. We consider Executive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management to be the operating decision-making body.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Total property, plant and equipment and intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 273,578 million<span class="ls0 ws0"> (</span>DKK 151,367 million in 2023<span class="ls0 ws0">), </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of which DKK 177,471 million<span class="ls0 ws0"> is </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">located in Denmark (<span class="ls30 ws36">DKK 82,274 million in 2023</span>) and <span class="ls30 ws36">DKK 57,141 million</span> is located in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the US (<span class="ls30 ws36">DKK 46,609 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.1 Intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:124px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 388.242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,400 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">982</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">846</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">34</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 388.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">931 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">649</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">604</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 388.459px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6367px; width: 387.932px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">167 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">153</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.262px; width: 207.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.18px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 207.006px; top: 114.262px; width: 93.1465px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,512 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.152px; top: 112.762px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,834</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 325.025px; top: 112.762px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.918px; top: 112.762px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,599</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses and reversals</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:68.625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,912 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,108</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">760</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 387.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,601 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">306</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.8867px; width: 207.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total impairment losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 207.135px; top: 58.8867px; width: 181.072px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,513 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,414</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">760</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:584.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 551.5px; top: 0.0117187px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Intellectual </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 562.906px; top: 12.6836px; width: 42.4746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 624.5px; top: 12.6836px; width: 43.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Software </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 709.328px; top: 12.6836px; width: 25.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 555.906px; top: 25.3555px; width: 49.2305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rights and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 620.562px; top: 25.3555px; width: 47.5371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 687.016px; top: 25.3555px; width: 48.5215px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.043px; width: 539.977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 447.221px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Goodwill</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 554.094px; top: 38.043px; width: 47.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">know-how</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 614.688px; top: 38.043px; width: 50.6426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangibles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 704.75px; top: 38.043px; width: 28.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.9375px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.293px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.518px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,464 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">60,745 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,584 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,793 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.418px; width: 735.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.3</span></span><span style="display: inline-block;">) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.408px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,323 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,154 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">311 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">56,788 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.559px; width: 735.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,165 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,875 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.684px; width: 735.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(213) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(70) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(283) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.809px; width: 735.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">277 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">858 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">89 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,224 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.949px; width: 735.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.592px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,064 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,624 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">133,397 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 191.074px; width: 735.311px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,225 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,162 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,387 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.199px; width: 735.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,257 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">255 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,512 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.34px; width: 735.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,441 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">72 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,513 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.465px; width: 736.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(213) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">70) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">283) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.59px; width: 735.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">163 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">178 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 286.715px; width: 735.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.371px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19,873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,434 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,307 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 307.355px; width: 484.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 484.875px; top: 305.855px; width: 250.324px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,064 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">86,836 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,190 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,090 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 324.98px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 344.105px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.518px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,615 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49,731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,281 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">59,627 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 363.246px; width: 735.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,567 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,067 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.371px; width: 736.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,629) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(158) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,787) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 401.496px; width: 736.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(151) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">76 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(39) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(114)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 420.621px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.592px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,464 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">60,745 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,584 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,793 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 439.762px; width: 735.416px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,737 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,688 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 458.887px; width: 735.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,621 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">213 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,834 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 478.012px; width: 735.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,776 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,796 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.152px; width: 736.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.857px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(382)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(382) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.277px; width: 736.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,629) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(16) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,645) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 535.402px; width: 735.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">102 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">(6) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 554.527px; width: 735.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.371px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,225 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,162 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,387 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 575.168px; width: 484.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 484.875px; top: 573.668px; width: 29.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.799px; top: 573.668px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,464</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 539.672px; top: 573.668px; width: 32.9355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 572.607px; top: 573.668px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,520</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 603.053px; top: 573.668px; width: 37.9688px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 641.021px; top: 573.668px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 665.895px; top: 573.668px; width: 36.6562px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 702.551px; top: 573.668px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">60,406</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Material intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intellectual property rights and know-how with a carrying value of <span class="_ _0"/><span class="ls30 ws36">DKK 86,836 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 52,520 million</span> in 2023), comprise intellectual property and licenses related mainly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to marketed products, know-how attributable to manufacturing, products and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">technologies in development as well as technologies used in the research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development phase.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Know-how with a carrying value of <span class="ls30 ws36">DKK 40,944 million</span> (DKK nil <span class="ls30 ws36">in 2023), and a </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remaining useful life of <span class="ls30 ws36">10</span> years, is recognised in the acquisition of <span class="_ _0"/>three<span class="ls30 ws36"> fill-finish </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sites in 2024 and is primarily attributable to the documented processes and systems </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for efficient and large-scale production of GLP-1 products as well as know-how to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expand capacity in an efficient way. Intellectual property and licenses related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">marketed products include Rybelsus</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> with a carrying value of <span class="ls30 ws36">DKK 5,453 million</span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 6,018 million in 2023</span>) and a remaining useful life of <span class="ls30 ws36">10</span> years (<span class="ls30 ws36">11</span> years<span class="ls30 ws36"> in 2023</span>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Technologies used in the research and development phase include a RNAi technology </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">platform with a carrying value of <span class="ls30 ws36">DKK 9,530 million</span> (<span class="ls30 ws36">DKK 9,480 million in 2023</span>), with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a remaining estimated useful life of <span class="ls30 ws36">20</span> years (<span class="ls30 ws36">21</span> years<span class="_ _0"/><span class="ls30 ws36"> in 2023<span class="ls0 ws0">).</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intellectual property rights and know-how as well as Software and other intangibles </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contain assets not yet available for use amounting to <span class="_ _0"/><span class="ls30 ws36">DKK 23,893 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 29,548 million in 2023</span>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses on intellectual property rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses on intellectual property rights amounted to <span class="_ _0"/><span class="ls30 ws36">DKK 9,441 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 1,776 million in 2023</span>). The single-largest impairment loss recognised in 2024 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounted to <span class="ls30 ws36">DKK 5,650 million</span> arising from the impairment of ocedurenone. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss is linked to the termination of a phase 3 trial with ocedurenone which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">failed to meet its primary endpoints, hence the recoverable amount was estimated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nil. The impairment loss is recognised in research and development costs in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segment Diabetes and Obesity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment review of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is allocated to the segments Diabetes and Obesity care by <span class="_ _0"/><span class="ls30 ws36">DKK 19,592 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 4,018 million in 2023</span>) and to Rare Disease by <span class="ls30 ws36">DKK 472 million</span> (<span class="ls30 ws36">DKK 446 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0">). The annual impairment review showed that the recoverable amount in the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecast <span class="ls30 ws36">period significantly </span>exceeds the carrying amount of the cash-generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units to which goodwill was allocated. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is monitored <span class="_ _0"/>for impairment at the <span class="_ _0"/>operating segment level, <span class="_ _0"/>which is the lowest <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level CGU to <span class="_ _0"/>which consolidated goodwill is <span class="_ _0"/>allocated and monitored by <span class="_ _0"/>Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGUs are therefore <span class="_ _0"/>defined as Novo Nordisk's <span class="_ _0"/>operating segments, Diabetes and <span class="_ _0"/>Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare <span class="_ _0"/>disease. The recoverable <span class="_ _0"/>amount is estimated based <span class="_ _0"/>on fair value, w<span class="_ _0"/>ith fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value being estimated <span class="_ _0"/>at net present value <span class="_ _0"/>using an income-approach. The</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> applied post-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax discount rates <span class="_ _0"/>are <span class="lse ws9">7.0%</span> (Pre-tax <span class="_ _0"/>discount rate of <span class="_ _0"/><span class="lse ws9">8.3%<span class="ls13 ws5d">). Cash flow projections <span class="_ _0"/>are </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on budgets <span class="_ _0"/>approved by Management. The <span class="_ _0"/>forecast period comprises <span class="_ _d"/>9 years. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key estimations relate to volume of market share, growth rates, pricing, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development of new markets and the success rate for introducing new products and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treatments. Assumptions are affected by external factors such as market and generic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">competition, and price regulation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key assumptions reflect past experience adjusted for market specific risks or expected</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">changes. Fair value is determined using largely unobservable inputs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING FAIR VALUES OF INTANGIBLE </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS IN IMPAIRMENT REVIEWS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and intangible assets not yet available for use are tested for impairment at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">least annually or when indicators of impairment are identified. Goodwill is allocated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">operating segments based on expected future cash flow from products utilising the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">synergies and know-how acquired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows from marketable products. The discount rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used is based on the Group WACC, adjusted where appropriate, to reflect the risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the specific asset tested. Fair value is determined using largely unobservable inputs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accordingly, the valuation technique and inputs used to measure fair value are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classified as level 3 in the fair value hierarchy. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assets that are subject to amortisation are reviewed for impairment whenever </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">events or changes in circumstances indicate that the carrying amount may not be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable. Factors considered material that could trigger an impairment test include</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Development of a competing drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Realised sales trending below predicted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes or anticipated changes in participation rates or reimbursement policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Inconsistent or unfavourable clinical readouts</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the legal framework covering patents, rights and licences</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Advances in medicine and/or technology that affect the medical treatments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Adverse impact on reputation and/or brand names</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the economic lives of similar assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Relationship to other intangible assets or property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An impairment loss is recognised when the carrying amount of in<span class="_ _0"/>tangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exceeds the recoverable amount. Impairments on intangible assets, other than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">goodwill, are reviewed at each reporting date for possible reversal.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Internal and subcontracted research costs are fully charged to the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement in the period in which they are incurred. Consistent with industry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">practice, development costs are also expensed until regulatory approval is obtained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or is probable; refer to note <span class="ls30 ws36">2.3</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Payments to third parties under collaboration and licence agreements are assessed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the substance of their nature. Payments which represent subcontracted research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development work are expensed as the services are received. Payments which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">represent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transfer of rights of intellectual property are capitalised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For acquired research and development projects, and intellectual property rights, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the likelihood of obtaining future commercial sales is reflected in the cost of the asset, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and thus the probability recognition criteria is always considered to be satisfied. As the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of acquired research and development projects can often be measured reliably, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these projects fulfil the capitalisation criteria as intangible assets on acquisition. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent milestone payments payable on achievement of a contingent event (e.g. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement of phase 3 trials) are accrued and capitalised into the cost of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible asset when the achievement of the event is probable. Development costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incurred subsequent to acquisition are treated consistently with internal project </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets acquired separately are initially measured at cost and are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently measured at cost less any accumulated amortisation and any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss. Identifiable intangible assets acquired in a business combination </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are initially measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of intellectual property rights is based on the straight-line method over </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the estimated useful life. This corresponds to the legal duration or the economic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life depending on which is shorter, and not exceeding <span class="_ _0"/>25 years in either case. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of intellectual property rights commences after regulatory approval </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been obtained or when assets are put in use. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of know-how, which arises from business combinations, is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of <span class="_ _0"/>10 years corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the period in which economic benefits are expected to be realised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of software is based on the straight-line method over the estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life of 3-15 years. The amortisation commences when the asset is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Total property, plant and equipment and intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 273,578 million<span class="ls0 ws0"> (</span>DKK 151,367 million in 2023<span class="ls0 ws0">), </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of which DKK 177,471 million<span class="ls0 ws0"> is </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">located in Denmark (<span class="ls30 ws36">DKK 82,274 million in 2023</span>) and <span class="ls30 ws36">DKK 57,141 million</span> is located in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the US (<span class="ls30 ws36">DKK 46,609 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.2 Property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:526.046875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 715.719px; top: 0.0117187px; width: 30.334px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Assets </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 769.109px; top: 0.0117187px; width: 44.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 12.6836px; width: 45.0996px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 573.469px; top: 12.6836px; width: 45.9961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 653.406px; top: 12.6836px; width: 29.2266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 717.922px; top: 12.6836px; width: 28.8926px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">under </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 767.547px; top: 12.6836px; width: 46.0137px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 25.3711px; width: 42.1699px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 570.156px; top: 25.3711px; width: 48.2461px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">machinery</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.938px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 688.344px; top: 25.3711px; width: 54.5625px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">construction</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.453px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 44.0156px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 59.1211px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.9961px; width: 812.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note 5.3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,460 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">278 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,447 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 92.8711px; width: 812.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,789 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">872 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">874 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">46,650 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,185 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.746px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 109.746px; width: 314.549px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(632) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,305) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(547) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,008) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.621px; width: 813.023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,342 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,602 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,453) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.512px; width: 812.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">943 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">618 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">42 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,677 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 160.387px; width: 813.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">62,141 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">63,198 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,167 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214,884 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 177.262px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 177.262px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.137px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,786 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,099 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,148 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,033 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.012px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">474 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">524 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,049 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 227.887px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 227.887px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(563) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(918) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(538) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,543) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 244.777px; width: 755.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">113 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">53 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.678px; top: 244.777px; width: 57.5977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">235 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.652px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,704 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,558 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,134 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,396 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.027px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 278.527px; width: 256.465px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,437 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,640 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,033 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.965px; top: 280.027px; width: 57.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">162,488 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 295.402px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 312.277px; width: 813.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43,403 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,548 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,114 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,361 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,426 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 329.152px; width: 499.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.201px; top: 329.152px; width: 314.021px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,681 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,830 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,431 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.027px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 346.027px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(690) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(952) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(624) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,828) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 362.918px; width: 813.316px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,246 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,679 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9,656) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 379.793px; width: 499.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.611px; top: 379.793px; width: 314.309px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(650) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(371) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(115) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(310) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,446) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 396.668px; width: 812.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.543px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,781 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,935 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,039 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 413.543px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,755 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 430.418px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,450 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,919 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,086 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,455 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 447.293px; width: 812.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">118 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">562 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 464.168px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 464.168px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(664) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(942) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(597) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,765) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 481.059px; width: 756.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(248) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(196) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(89) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 756.041px; top: 481.059px; width: 57.9023px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(533)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.934px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.309px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 514.809px; width: 311.426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30,665 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,117 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,516 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90,961</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:143.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 388.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.09px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,799</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,522</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,205</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">487</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">423</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 388.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,120</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,053</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">898</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 387.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.09px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">554</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">354</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">408</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6367px; width: 388.412px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.4002px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">73</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">26</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.262px; width: 232.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.447px; top: 114.262px; width: 155.473px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,033</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,455</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 131.887px; width: 233.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Of which related to leased assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4239px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.074px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,500</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 257.947px; top: 131.887px; width: 42.1934px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.141px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,251</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 325.014px; top: 131.887px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.906px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,052</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:106.890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.258px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">962</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">446</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 388.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.891px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 387.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.3498px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">78</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.0273px; width: 232.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.348px; top: 78.0273px; width: 155.771px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,049</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">710</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 387.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Of which related to leased assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk mainly leases office buildings, warehouses, laboratories and vehicles. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The right-of-use asset is presented in property, plant and equipment and the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability in borrowings.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Leased property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:68.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 387.779px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 388.271px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and buildings</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 208.471px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,067</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 388.025px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other equipment</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">775</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">768</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.9023px; width: 387.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,842</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,925</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total cash outflow for leases amounted to <span class="ls30 ws36">DKK 2,211 million</span> (<span class="ls30 ws36">DKK 2,022 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 and DKK 1,438 million in 2022<span class="ls0 ws0">). Refer to note </span>4.6<span class="ls0 ws0"> for a maturity analysis of </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lease payments and <span class="ls30 ws36">5.2</span> for commitments not recognised in the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">related to leases.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Property, plant and equipment is measured at historical cost less accumulated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciations and any impairment loss. The cost of self-constructed assets includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs directly attributable to the construction of the assets. Any subsequent cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the asset’s carrying amount or recognised as a separate asset only when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it is probable that future economic benefits associated with the item will flow to Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk, and the cost of the item can be measured reliably. Depreciation is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of the assets (buildings: <span class="_ _0"/><span class="ls30 ws36">10<span class="ls0 ws0">-</span>50<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, plant and machinery: 5-<span class="ls30 ws36">25</span> years and other equipment: <span class="_ _0"/>3-<span class="ls30 ws36">10</span> years. Land is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated). Climate-related matters, including the commitment to reach net zero </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">emissions, were considered when estimating the useful lives of property, plant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation commences when the asset is available for use, i.e. when it is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management. The asset's residual value and useful life is reviewed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjusted, if appropriate, at the end of each reporting period. If an asset’s carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount is higher than its estimated recoverable amount, it is written down to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable amount. Plant and equipment with no alternative use developed as part </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a research and development project are expensed. However, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with an alternative use or used for general research and development purposes are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and depreciated over the estimated useful life as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">development costs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contracts which are, or contain, a lease, the Group recognises a right-of-use asset </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and a lease liability. The right-of-use asset is initially measured at cost, being the initial</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of the lease liability. The right-of-use asset is subsequently depreciated using </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the lease term.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term comprises the non-cancellable period of a lease, together with<span class="_ _0"/> periods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">covered by extension options if these are reasonably certain to be exercised.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.3 Research and development costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:215.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.084px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 234.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Employee costs (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 234.152px; top: 17.1211px; width: 153.885px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,923</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,429</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,952</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2617px; width: 247.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation, intangible assets (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2752px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 247.553px; top: 36.2617px; width: 140.766px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">931</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">649</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">604</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.9492px; width: 154.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses and reversals, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 66.6211px; width: 239.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible assets (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.1</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.766px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 239.49px; top: 66.6211px; width: 148.424px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,912</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,108</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">760</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 84.3242px; width: 155.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation, property, plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.9961px; width: 239.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.2</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 239.127px; top: 96.9961px; width: 148.816px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">120</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,053</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.699px; width: 181.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses, property, plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 127.371px; width: 253.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.2</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.225px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 253.031px; top: 127.371px; width: 134.977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">78</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.748px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 146.496px; width: 233.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Clinical trial cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.924px; top: 146.496px; width: 153.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,232</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,468</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,313</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 165.621px; width: 239.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 239.777px; top: 165.621px; width: 148.529px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,866</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,476</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,496</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.262px; width: 233.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.531px; top: 186.262px; width: 64.2305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">48,062</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 297.762px; top: 184.762px; width: 90.0469px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,443</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24,047</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.387px; width: 236.355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As percentage of net sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 108.522px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 236.355px; top: 205.387px; width: 64.7051px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">16.6% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 301.061px; top: 203.887px; width: 87.0938px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">14.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">13.6%</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's research and development is mainly focused on:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Insulins, GLP-1s and other therapeutic compounds for diabetes treatment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>GLP-1s, combinations and new modes of action for Obesity care</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Blood-clotting factors and new modes of action for treatment of haemophilia </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other rare blood disorders</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Novel targets within cardiovascular disease focusing on ASCVD and Heart failure</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Human growth hormone and new modes of action for treatment of growth </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disorders and other rare endocrine disorders</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>New indications with existing assets within MASH, Alzheimer’s disease and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">chronic kidney disease</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Research technology platforms including cell therapy and RNAi for treatment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">MASH, cardiovascular disease, chronic kidney disease and Parkinson's disease, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">among others</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The research activities mainly utilise biotechnological methods based on advanced </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">protein chemistry and protein engineering. These methods have played a key role in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the development of the production technology used to manufacture insulin, GLP-1, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recombinant blood-clotting factors and human growth hormone. Research activities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">further utilise digital scientific methodologies and other technology platforms </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including stem cells, gene therapy, small molecules and RNAi therapies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development activities are mainly carried out by Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">research and development centres in Denmark, the US, the UK and China. Clinical </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trials are carried out all over the world. Novo Nordisk also enters into partnerships </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and licence agreements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other research and development costs mainly comprise external consulting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fees, IT services, facilities, consumables and other operational costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk expenses all research costs. Due to significant regulatory uncertainties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other uncertainties inherent in the development of new products, internal and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subcontracted development costs are also expensed as they are incurred, in line with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">industry practice. This means that they do not qualify for capitalisation as intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets until marketing approval by a regulatory authority is obtained or considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable. Costs for post-approval activities that are required by authorities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a condition for obtaining regulatory approval are recognised as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development costs primarily comprise employee costs as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal and external costs related to execution of studies, including manufacturing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs and facility costs of the research centres. The costs also comprise amortisation, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and impairment losses related to intellectual property rights and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">property, plant and equipment used in the research and development activities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisations of intellectual property rights related to marketed products are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in cost of goods sold. Royalty expenses paid to partners after regulatory </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval are also expensed as cost of goods sold.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contractual research and development obligations to be paid in the future are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosed separately as commitments in note <span class="ls30 ws36">5.2</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk expenses all research costs. Due to significant regulatory uncertainties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other uncertainties inherent in the development of new products, internal and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subcontracted development costs are also expensed as they are incurred, in line with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">industry practice. This means that they do not qualify for capitalisation as intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets until marketing approval by a regulatory authority is obtained or considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable. Costs for post-approval activities that are required by authorities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a condition for obtaining regulatory approval are recognised as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development costs primarily comprise employee costs as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal and external costs related to execution of studies, including manufacturing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs and facility costs of the research centres. The costs also comprise amortisation, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and impairment losses related to intellectual property rights and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">property, plant and equipment used in the research and development activities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisations of intellectual property rights related to marketed products are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in cost of goods sold. Royalty expenses paid to partners after regulatory </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval are also expensed as cost of goods sold.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contractual research and development obligations to be paid in the future are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosed separately as commitments in note <span class="ls30 ws36">5.2</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Internal and subcontracted research costs are fully charged to the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement in the period in which they are incurred. Consistent with industry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">practice, development costs are also expensed until regulatory approval is obtained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or is probable; refer to note <span class="ls30 ws36">2.3</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Payments to third parties under collaboration and licence agreements are assessed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the substance of their nature. Payments which represent subcontracted research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development work are expensed as the services are received. Payments which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">represent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transfer of rights of intellectual property are capitalised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For acquired research and development projects, and intellectual property rights, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the likelihood of obtaining future commercial sales is reflected in the cost of the asset, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and thus the probability recognition criteria is always considered to be satisfied. As the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of acquired research and development projects can often be measured reliably, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these projects fulfil the capitalisation criteria as intangible assets on acquisition. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent milestone payments payable on achievement of a contingent event (e.g. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement of phase 3 trials) are accrued and capitalised into the cost of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible asset when the achievement of the event is probable. Development costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incurred subsequent to acquisition are treated consistently with internal project </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk expenses all research costs. Due to significant regulatory uncertainties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other uncertainties inherent in the development of new products, internal and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subcontracted development costs are also expensed as they are incurred, in line with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">industry practice. This means that they do not qualify for capitalisation as intangible </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets until marketing approval by a regulatory authority is obtained or considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable. Costs for post-approval activities that are required by authorities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a condition for obtaining regulatory approval are recognised as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development costs primarily comprise employee costs as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal and external costs related to execution of studies, including manufacturing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs and facility costs of the research centres. The costs also comprise amortisation, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and impairment losses related to intellectual property rights and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">property, plant and equipment used in the research and development activities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisations of intellectual property rights related to marketed products are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in cost of goods sold. Royalty expenses paid to partners after regulatory </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval are also expensed as cost of goods sold.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contractual research and development obligations to be paid in the future are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosed separately as commitments in note <span class="ls30 ws36">5.2</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation commences when the asset is available for use, i.e. when it is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management. The asset's residual value and useful life is reviewed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjusted, if appropriate, at the end of each reporting period. If an asset’s carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount is higher than its estimated recoverable amount, it is written down to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable amount. Plant and equipment with no alternative use developed as part </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a research and development project are expensed. However, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with an alternative use or used for general research and development purposes are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and depreciated over the estimated useful life as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.4 Employee costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:379.40625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 388.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Wages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.838px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,311</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">42,867</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34,575</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2617px; width: 387.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based payment costs (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.1</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.8205px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,149</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,539</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3867px; width: 388.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Pensions – defined contribution plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2752px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,235</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,267</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,472</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 387.99px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Pensions – defined benefit plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">156</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">126</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">185</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6367px; width: 387.797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other social security contributions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.8205px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,505</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,039</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,713</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.777px; width: 388.184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.815px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,929</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,066</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,105</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 131.902px; width: 388.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total employee costs for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.6134px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">67,425</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">55,514</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,589</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 149.605px; width: 186.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Employee costs capitalised as intangible </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 162.277px; width: 388.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets and property, plant and equipment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(3,540)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,337)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,451)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 179.965px; width: 173.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Change in employee costs capitalised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.652px; width: 387.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">as inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(470)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(409)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(70)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 212.109px; width: 102.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total employee costs</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 224.512px; width: 227.062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.98px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 227.062px; top: 224.512px; width: 160.887px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">63,415</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,768</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43,068</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 242.152px; width: 156.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Included in the income statement:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.277px; width: 388.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 142.875px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,074</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,490</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,766</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.402px; width: 387.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.555px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,920</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,810</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,700</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 299.527px; width: 387.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.8205px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,923</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,429</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,952</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 318.668px; width: 387.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.145px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,265</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,962</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,517</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 337.793px; width: 387.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.8926px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">233</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">77</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">133</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 357.266px; width: 133.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total employee costs in the</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 369.668px; width: 227.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.772px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 227.004px; top: 369.668px; width: 160.887px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">63,415</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffbe; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,768</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffbd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43,068</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Number of employees</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Number<span class="_ _1f1"> </span><span class="ffbe">2024<span class="_ _b3"> </span></span>2023<span class="_ _a7"> </span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Average number of full-time employees<span class="_ _110"> </span></span>69,480<span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _f0"> </span></span>59,552<span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _69"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">51,046</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Year-end number of full-time employees<span class="_ _be"> </span><span class="ls30 ws36">76,302<span class="_ _f0"> </span>63,<span class="_ _4"/>370<span class="_ _22"> </span>54,393</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Year-end employees (total)<span class="_ _163"> </span></span></span><span class="ls30 ws36"><span><span style="display:inherit;clear:left;">77,349</span></span><span><span style="display:inherit;clear:left;"><span class="_ _f0"> </span></span></span><span><span style="display:inherit;clear:left;">64,319</span></span><span><span style="display:inherit;clear:left;"><span class="_ _22"> </span></span></span><span><span style="display:inherit;clear:left;">55,185</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wages, salaries, social security contributions, annual leave and sick leave, bonuses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and non-monetary benefits are recognised in the year in which the associated services</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are rendered by employees of Novo Nordisk. Where Novo Nordisk provides long-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employee benefits, the costs are accrued to match the rendering of the services by the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employees concerned.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-based payment expensed in the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:140.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 374.93px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 354.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Restricted stock units to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.5858px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">380</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">365</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">265</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.8398px; width: 178.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term share-based incentive programme </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.5117px; width: 364.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Management Board)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">314</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">304</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">250</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 67.2148px; width: 178.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term share-based incentive programme </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 79.8867px; width: 342.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Management group below Management Board)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,271</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">819</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 349.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Restricted stock units to individual employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">192</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">209</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">205</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 117.359px; width: 149.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based payment expensed in the </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 129.387px; width: 226.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 226.723px; top: 129.387px; width: 128.221px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">149</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,539</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted stock units to employees</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In connection with Novo Nordisk's 100 year anniversary and in appreciation of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">efforts of employees during recent years, as of 1 February 2023, all eligible employees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the company were offered <span class="ls30 ws36">74</span> restricted stock units. Each restricted stock unit gives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the holder the right to receive <span class="ls30 ws36">one</span> Novo Nordisk B share free of charge in August </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2026, subject to continued employment. The cost of the <span class="_ _0"/><span class="ls30 ws36">DKK 1,331 million<span class="ls0 ws0"> programme </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is amortised over the vesting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">General terms and conditions of 2022-2024 programmes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.02734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 482.688px; top: 0px; width: 47.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Employees' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 490.562px; top: 12.6719px; width: 36.2109px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">100 year </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 481.609px; top: 25.3438px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">anniversary </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.109px; top: 25.3438px; width: 104.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management group below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 481.609px; top: 38.0312px; width: 203.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">programme</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.0585px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Management Board</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 846.094px; top: 38.0312px; width: 286.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management Board</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.928px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Individual employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.5117px; width: 56.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Year of launch</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 522.453px; top: 57.5117px; width: 674.748px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 60.8205px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 205.438px; top: 73.5117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe9; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.6367px; width: 174.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Preliminary number of shares to be allocated</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.047px; top: 75.6367px; width: 997.207px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span>(million)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 227.73px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.0 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.1582px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.7 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1.5 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.1 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.2 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.8 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 94.7617px; width: 1172.94px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fair value per restricted stock unit at grant date (DKK)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.48px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">446 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">767 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">320 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">767 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">320 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">794 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">544 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">371 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.887px; width: 1127.71px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Performance and vesting period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.605px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.4824px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.4824px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 11.7129px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2025</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.012px; width: 1174.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allocation date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.17px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Aug 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2025</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.152px; width: 1162.21px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.731px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. The number of shares to be allocated under the LTIPs to Management Board and management group below Man<span class="_ _0"/>agement Board, respectively, may potentially be reduced or increased depending on whether Novo Nordisk's performance during the <span class="_ _d"/>3-year performance period is higher or lower compared to targets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined by the Board. The maximum number is capped.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Number of employees</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Number<span class="_ _1f1"> </span><span class="ffbe">2024<span class="_ _b3"> </span></span>2023<span class="_ _a7"> </span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Average number of full-time employees<span class="_ _110"> </span></span>69,480<span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _f0"> </span></span>59,552<span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _69"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">51,046</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Year-end number of full-time employees<span class="_ _be"> </span><span class="ls30 ws36">76,302<span class="_ _f0"> </span>63,<span class="_ _4"/>370<span class="_ _22"> </span>54,393</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Year-end employees (total)<span class="_ _163"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">77,349</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _f0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">64,319</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _22"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">55,185</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wages, salaries, social security contributions, annual leave and sick leave, bonuses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and non-monetary benefits are recognised in the year in which the associated services</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are rendered by employees of Novo Nordisk. Where Novo Nordisk provides long-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employee benefits, the costs are accrued to match the rendering of the services by the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employees concerned.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.5 Other operating income and expenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income and expenses, include mainly li<span class="_ _0"/>cence income and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortisations and impairment losses, which are of a secondary nature in relation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the main activities of Novo Nordisk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating profit from wholly owned subsidiaries, not related to Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">main activities, as well as operating profit from non-core manufacturing contracts, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised as other operating income and expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income and expenses, also includes transaction costs in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">connection with acquisition of businesses. Re</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fer to note <span class="ls30 ws36">5.3</span> for details on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of businesses.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.6 Income taxes and deferred income taxes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Income taxes expensed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:176.875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 387.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current tax on profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,082</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,918</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,829</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2617px; width: 387.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax on profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.4259px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,484)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,464)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,806)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3867px; width: 388.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax on profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,598</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">21,454</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,023</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 73.0898px; width: 167.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current tax adjustments recognised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 85.7617px; width: 388.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.033px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(916)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">339</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 103.449px; width: 173.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax adjustments recognised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 116.137px; width: 387.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(567)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">453</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(825)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 136.762px; width: 242.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 242.537px; top: 136.762px; width: 145.629px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,203</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,991</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,537</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 154.719px; width: 179.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax on other comprehensive income </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 167.137px; width: 241.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for the year, (income)/expense</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.127px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 241.518px; top: 167.137px; width: 146.619px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,343)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">359</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">889</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Computation of effective tax rate</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:155.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.6992px; width: 145.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statutory corporate income tax </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 390.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate in Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.185px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">22.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">22.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">22.0% </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 50.0273px; width: 152.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deviation in foreign subsidiaries' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.6992px; width: 155.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tax rates compared to the Danish </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.3711px; width: 390.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tax rate (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.131px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.5%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.9%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(1.1%) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.0742px; width: 153.176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-taxable income less non-tax-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 105.746px; width: 390.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">deductible expenses (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.7%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.7%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.5%) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 124.871px; width: 390.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other adjustments (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.371px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.2%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.3%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.8%) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.512px; width: 244.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effective tax rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.438px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 244.869px; top: 145.512px; width: 145.383px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">20.6% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">20.1% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 25.7461px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">19.6% </span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Income taxes paid</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:93.375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.7148px; width: 158.314px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes paid in Denmark for </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 388.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">current year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.58px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">21,810</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,899</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,481</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 48.0898px; width: 168.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes paid outside Denmark </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 60.7617px; width: 388.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for current year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,826</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,998</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,034</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.6367px; width: 242.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes paid</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.627px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 242.854px; top: 83.6367px; width: 144.908px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,636</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,897</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,515</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deviation in foreign subsidiaries' tax rates from the Danish tax rate is mainly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">driven by Swiss and US business activities. Other adjustments consist of tax related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to prior years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">From 1 <span class="_ _0"/>January 2024 <span class="_ _0"/>Novo Nordisk <span class="_ _0"/>is subject to <span class="_ _0"/>Global Minimum <span class="_ _0"/>Tax (OECD <span class="_ _0"/>BEPS Pillar <span class="_ _0"/>2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rules). The <span class="_ _0"/>rules did <span class="_ _0"/>not have <span class="_ _0"/>a material impact <span class="_ _0"/>on the <span class="_ _0"/>tax position <span class="_ _0"/>of Novo <span class="_ _0"/>Nordisk in <span class="_ _0"/>2024.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING DEFERRED INCOME TAX ASSETS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR UNCERTAIN TAX POSITIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has considered future taxable income and has estimated the amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of deferred income tax assets that should be recognised. The estimate is based on an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessment of whether sufficient taxable income will be available in the future, against </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which the temporary differences and unused tax losses can be utilised. The total tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of unrecognised tax loss carry-forwards amounts to <span class="_ _0"/><span class="ls30 ws36">DKK 602 million in 2024<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 360 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the course of conducting business globally, tax and transfer pricing disputes with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax authorities may occur. Management has estimated the expected outcome of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes by using the ‘most likely outcome’ method to determine the provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain tax positions. Management considers the provisions made to be adequate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, the actual obligation may deviate and depends on the result of litigation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and settlements with the relevant tax authorities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The tax expense for the period comprises current and deferred tax. It also includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments to previous years and changes in provisions for uncertain tax positions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Tax is recognised in the income statement except to the extent that it relates to items </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in equity or other comprehensive income. Provisions for ongoing tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes are included as part of deferred tax assets, tax receivables and tax payables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred income taxes arise from temporary differences between the accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and tax values of the individual consolidated companies and from realisable tax loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carry-forwards. Deferred tax liabilities are not recognised if they arise from the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition of goodwill. Deferred income tax is also not accounted for if it arises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from initial recognition of an asset or liability in a transaction other than a business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination that, at the time of the transaction, affects neither accounting nor taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or loss and does not give rise to equal taxable and deductible temporary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences. The tax value of tax loss carry-forwards is included in deferred tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets to the extent that these are expected to be utilised in future taxable income. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deferred income taxes are measured according to current tax rules and at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax rates assumed in the year in which the assets are expected to be utilised. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, the Danish tax rules related to dividends from group companies provide </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exemption from tax for most repatriated profits. In some countries withholding tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will be applied to dividends paid to Denmark. A provision for withholding tax is only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised if a concrete distribution of dividends is planned. The unrecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential withholding tax amounts to <span class="ls30 ws36">DKK 1,228 million</span> (<span class="ls30 ws36">DKK 1,026 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The value of future tax deductions in relation to share programmes is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a deferred tax asset until the shares are paid out to the employees. Any estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess tax deduction compared to the costs realised in the income statement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charged to equity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:462.94921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 279.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Development in deferred income tax assets and liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 380.328px; top: 5.51172px; width: 42.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property,</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 710.344px; top: 5.51172px; width: 28.0137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Offset</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 380.328px; top: 18.1836px; width: 43.4766px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant and</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 436.672px; top: 18.1836px; width: 49.3066px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span>Intangible</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 710.344px; top: 18.1836px; width: 28.207px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">within</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 372.531px; top: 30.8555px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 456.672px; top: 30.8555px; width: 217.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.9512px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Liabilities</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">Other</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 694.656px; top: 30.8555px; width: 0px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">countries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -805.774px; width: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.75px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 69.1211px; width: 805.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.547px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,561)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,241)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">717</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,427</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,876</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,218</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 88.2461px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(207)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">427</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,142</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">485</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">204</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,051</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.371px; width: 805.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(254)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(71)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,622</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,314</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.512px; width: 805.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.516px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(314)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(60)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.637px; width: 805.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.619px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,723)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,693</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">102</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,097</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 164.762px; width: 805.365px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 240.205px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(116)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(145)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">773</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">67</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">581</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 185.387px; width: 805.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.898px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,607)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,266)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,790</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,727</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,557</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,201</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 203.027px; width: 93.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Classified as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 222.152px; width: 805.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax asset at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 221.139px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">497</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">225</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,847</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,989</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,112</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(12,043)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24,627</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.277px; width: 805.57px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax liability at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(6,104)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,491)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(57)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(262)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,555)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,043</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,426)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 260.418px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.543px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.547px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,402)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,279)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,595</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,007</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,922</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,843</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.668px; width: 805.283px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(213)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,106)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(645)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,973</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,002</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,011</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 317.793px; width: 805.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(224)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(129)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">359)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 336.934px; width: 805.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.516px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(120)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(120)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 356.059px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.76px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">62</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">62</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 375.184px; width: 805.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.408px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">144</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(547)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">139</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(219)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.824px; width: 805.137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.898px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,561)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,241)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,717</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,427</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,876</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,218</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.449px; width: 93.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Classified as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 432.574px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax asset at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 221.139px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">433</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">245</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,820</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,792</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,986</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,896)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,380</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.699px; width: 392.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax liability at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 392.139px; top: 451.699px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,994)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 422.842px; top: 451.699px; width: 26.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 449.766px; top: 451.699px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(10,486)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 486.041px; top: 451.699px; width: 40.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 526.184px; top: 451.699px; width: 22.5352px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(103)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 548.719px; top: 451.699px; width: 40.6055px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 589.324px; top: 451.699px; width: 22.5352px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(365)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 611.859px; top: 451.699px; width: 40.6055px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 652.465px; top: 451.699px; width: 22.5352px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(110)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 675px; top: 451.699px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.893px; top: 451.699px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,896</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 737.766px; top: 451.699px; width: 31.2012px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 768.967px; top: 451.699px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(10,162)</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.6 Income taxes and deferred income taxes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Income taxes expensed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:176.875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 387.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current tax on profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,082</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,918</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,829</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2617px; width: 387.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax on profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.4259px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,484)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,464)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,806)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3867px; width: 388.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax on profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,598</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">21,454</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,023</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 73.0898px; width: 167.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current tax adjustments recognised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 85.7617px; width: 388.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.033px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(916)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">339</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 103.449px; width: 173.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax adjustments recognised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 116.137px; width: 387.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(567)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">453</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(825)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 136.762px; width: 242.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 242.537px; top: 136.762px; width: 145.629px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">26,203</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,991</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,537</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 154.719px; width: 179.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax on other comprehensive income </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 167.137px; width: 241.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for the year, (income)/expense</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.127px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 241.518px; top: 167.137px; width: 146.619px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,343)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">359</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">889</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Computation of effective tax rate</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:155.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.6992px; width: 145.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statutory corporate income tax </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 390.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate in Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.185px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">22.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">22.0% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">22.0% </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 50.0273px; width: 152.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deviation in foreign subsidiaries' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.6992px; width: 155.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tax rates compared to the Danish </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.3711px; width: 390.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tax rate (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.131px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.5%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.9%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(1.1%) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.0742px; width: 153.176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-taxable income less non-tax-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 105.746px; width: 390.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">deductible expenses (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.7%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.7%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.5%) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 124.871px; width: 390.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other adjustments (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.371px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.2%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.10375px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.3%) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">(0.8%) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.512px; width: 244.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effective tax rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.438px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 244.869px; top: 145.512px; width: 145.383px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">20.6% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">20.1% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 25.7461px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">19.6% </span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Income taxes paid</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:93.375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.242px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.7148px; width: 158.314px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes paid in Denmark for </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 388.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">current year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.58px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">21,810</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,899</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,481</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 48.0898px; width: 168.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes paid outside Denmark </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 60.7617px; width: 388.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for current year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,826</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,998</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,034</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.6367px; width: 242.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes paid</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.627px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 242.854px; top: 83.6367px; width: 144.908px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">29,636</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffbf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,897</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffc0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,515</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deviation in foreign subsidiaries' tax rates from the Danish tax rate is mainly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">driven by Swiss and US business activities. Other adjustments consist of tax related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to prior years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">From 1 <span class="_ _0"/>January 2024 <span class="_ _0"/>Novo Nordisk <span class="_ _0"/>is subject to <span class="_ _0"/>Global Minimum <span class="_ _0"/>Tax (OECD <span class="_ _0"/>BEPS Pillar <span class="_ _0"/>2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rules). The <span class="_ _0"/>rules did <span class="_ _0"/>not have <span class="_ _0"/>a material impact <span class="_ _0"/>on the <span class="_ _0"/>tax position <span class="_ _0"/>of Novo <span class="_ _0"/>Nordisk in <span class="_ _0"/>2024.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING DEFERRED INCOME TAX ASSETS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR UNCERTAIN TAX POSITIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has considered future taxable income and has estimated the amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of deferred income tax assets that should be recognised. The estimate is based on an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessment of whether sufficient taxable income will be available in the future, against </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which the temporary differences and unused tax losses can be utilised. The total tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of unrecognised tax loss carry-forwards amounts to <span class="_ _0"/><span class="ls30 ws36">DKK 602 million in 2024<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 360 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the course of conducting business globally, tax and transfer pricing disputes with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax authorities may occur. Management has estimated the expected outcome of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes by using the ‘most likely outcome’ method to determine the provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain tax positions. Management considers the provisions made to be adequate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, the actual obligation may deviate and depends on the result of litigation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and settlements with the relevant tax authorities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The tax expense for the period comprises current and deferred tax. It also includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments to previous years and changes in provisions for uncertain tax positions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Tax is recognised in the income statement except to the extent that it relates to items </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in equity or other comprehensive income. Provisions for ongoing tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes are included as part of deferred tax assets, tax receivables and tax payables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred income taxes arise from temporary differences between the accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and tax values of the individual consolidated companies and from realisable tax loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carry-forwards. Deferred tax liabilities are not recognised if they arise from the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition of goodwill. Deferred income tax is also not accounted for if it arises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from initial recognition of an asset or liability in a transaction other than a business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination that, at the time of the transaction, affects neither accounting nor taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or loss and does not give rise to equal taxable and deductible temporary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences. The tax value of tax loss carry-forwards is included in deferred tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets to the extent that these are expected to be utilised in future taxable income. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deferred income taxes are measured according to current tax rules and at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax rates assumed in the year in which the assets are expected to be utilised. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, the Danish tax rules related to dividends from group companies provide </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exemption from tax for most repatriated profits. In some countries withholding tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will be applied to dividends paid to Denmark. A provision for withholding tax is only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised if a concrete distribution of dividends is planned. The unrecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential withholding tax amounts to <span class="ls30 ws36">DKK 1,228 million</span> (<span class="ls30 ws36">DKK 1,026 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The value of future tax deductions in relation to share programmes is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a deferred tax asset until the shares are paid out to the employees. Any estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess tax deduction compared to the costs realised in the income statement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charged to equity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:462.94921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 279.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Development in deferred income tax assets and liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 380.328px; top: 5.51172px; width: 42.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property,</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 710.344px; top: 5.51172px; width: 28.0137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Offset</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 380.328px; top: 18.1836px; width: 43.4766px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant and</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 436.672px; top: 18.1836px; width: 49.3066px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span>Intangible</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 710.344px; top: 18.1836px; width: 28.207px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">within</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 372.531px; top: 30.8555px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 456.672px; top: 30.8555px; width: 217.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.9512px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Liabilities</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">Other</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 694.656px; top: 30.8555px; width: 0px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">countries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -805.774px; width: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.75px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 69.1211px; width: 805.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.547px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,561)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,241)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">717</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,427</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,876</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,218</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 88.2461px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(207)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">427</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,142</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">485</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">204</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,051</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.371px; width: 805.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(254)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(71)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,622</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,314</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.512px; width: 805.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.516px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(314)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(60)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.637px; width: 805.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.619px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,723)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,693</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">102</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,097</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 164.762px; width: 805.365px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 240.205px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(116)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(145)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">773</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">67</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">581</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 185.387px; width: 805.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.898px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,607)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,266)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,790</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,727</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,557</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,201</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 203.027px; width: 93.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Classified as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 222.152px; width: 805.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax asset at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 221.139px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">497</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">225</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,847</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,989</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,112</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(12,043)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24,627</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.277px; width: 805.57px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax liability at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(6,104)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,491)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(57)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(262)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,555)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,043</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,426)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 260.418px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.543px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.547px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,402)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,279)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,595</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,007</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,922</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,843</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.668px; width: 805.283px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(213)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,106)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(645)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,973</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,002</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,011</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 317.793px; width: 805.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(224)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(129)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">359)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 336.934px; width: 805.623px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(charge) to equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.516px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(120)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(120)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 356.059px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.76px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">62</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">62</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 375.184px; width: 805.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.408px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">54</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">144</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(547)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">139</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(219)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.824px; width: 805.137px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax asset/(liability) at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.898px; font-size: 9.75px; font-family: ffc2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,561)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(10,241)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,717</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,427</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,876</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,218</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.449px; width: 93.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Classified as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 432.574px; width: 805.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax asset at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 221.139px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">433</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">245</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,820</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,792</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,986</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,896)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,380</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.699px; width: 392.139px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax liability at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 392.139px; top: 451.699px; width: 30.7031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,994)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 422.842px; top: 451.699px; width: 26.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 449.766px; top: 451.699px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(10,486)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 486.041px; top: 451.699px; width: 40.1426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 526.184px; top: 451.699px; width: 22.5352px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(103)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 548.719px; top: 451.699px; width: 40.6055px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 589.324px; top: 451.699px; width: 22.5352px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(365)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 611.859px; top: 451.699px; width: 40.6055px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 652.465px; top: 451.699px; width: 22.5352px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(110)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 675px; top: 451.699px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 712.893px; top: 451.699px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,896</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 737.766px; top: 451.699px; width: 31.2012px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 768.967px; top: 451.699px; width: 36.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(10,162)</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The tax expense for the period comprises current and deferred tax. It also includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments to previous years and changes in provisions for uncertain tax positions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Tax is recognised in the income statement except to the extent that it relates to items </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in equity or other comprehensive income. Provisions for ongoing tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes are included as part of deferred tax assets, tax receivables and tax payables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred income taxes arise from temporary differences between the accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and tax values of the individual consolidated companies and from realisable tax loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carry-forwards. Deferred tax liabilities are not recognised if they arise from the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition of goodwill. Deferred income tax is also not accounted for if it arises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from initial recognition of an asset or liability in a transaction other than a business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination that, at the time of the transaction, affects neither accounting nor taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or loss and does not give rise to equal taxable and deductible temporary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences. The tax value of tax loss carry-forwards is included in deferred tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets to the extent that these are expected to be utilised in future taxable income. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deferred income taxes are measured according to current tax rules and at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax rates assumed in the year in which the assets are expected to be utilised. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, the Danish tax rules related to dividends from group companies provide </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exemption from tax for most repatriated profits. In some countries withholding tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will be applied to dividends paid to Denmark. A provision for withholding tax is only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised if a concrete distribution of dividends is planned. The unrecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential withholding tax amounts to <span class="ls30 ws36">DKK 1,228 million</span> (<span class="ls30 ws36">DKK 1,026 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The value of future tax deductions in relation to share programmes is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a deferred tax asset until the shares are paid out to the employees. Any estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess tax deduction compared to the costs realised in the income statement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charged to equity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING DEFERRED INCOME TAX ASSETS AND </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PROVISIONS FOR UNCERTAIN TAX POSITIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has considered future taxable income and has estimated the amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of deferred income tax assets that should be recognised. The estimate is based on an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessment of whether sufficient taxable income will be available in the future, against </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which the temporary differences and unused tax losses can be utilised. The total tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of unrecognised tax loss carry-forwards amounts to <span class="_ _0"/><span class="ls30 ws36">DKK 602 million in 2024<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 360 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the course of conducting business globally, tax and transfer pricing disputes with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax authorities may occur. Management has estimated the expected outcome of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes by using the ‘most likely outcome’ method to determine the provisions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertain tax positions. Management considers the provisions made to be adequate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, the actual obligation may deviate and depends on the result of litigation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and settlements with the relevant tax authorities.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The tax expense for the period comprises current and deferred tax. It also includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments to previous years and changes in provisions for uncertain tax positions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Tax is recognised in the income statement except to the extent that it relates to items </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in equity or other comprehensive income. Provisions for ongoing tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disputes are included as part of deferred tax assets, tax receivables and tax payables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred income taxes arise from temporary differences between the accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and tax values of the individual consolidated companies and from realisable tax loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carry-forwards. Deferred tax liabilities are not recognised if they arise from the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition of goodwill. Deferred income tax is also not accounted for if it arises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from initial recognition of an asset or liability in a transaction other than a business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination that, at the time of the transaction, affects neither accounting nor taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or loss and does not give rise to equal taxable and deductible temporary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences. The tax value of tax loss carry-forwards is included in deferred tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets to the extent that these are expected to be utilised in future taxable income. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deferred income taxes are measured according to current tax rules and at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax rates assumed in the year in which the assets are expected to be utilised. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, the Danish tax rules related to dividends from group companies provide </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exemption from tax for most repatriated profits. In some countries withholding tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will be applied to dividends paid to Denmark. A provision for withholding tax is only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised if a concrete distribution of dividends is planned. The unrecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential withholding tax amounts to <span class="ls30 ws36">DKK 1,228 million</span> (<span class="ls30 ws36">DKK 1,026 million in 2023</span>).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The value of future tax deductions in relation to share programmes is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a deferred tax asset until the shares are paid out to the employees. Any estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess tax deduction compared to the costs realised in the income statement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charged to equity.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:124px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 388.242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,400 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">982</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">846</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">34</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 388.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">931 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">649</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">604</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 388.459px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6367px; width: 387.932px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">167 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">153</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.262px; width: 207.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.18px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 207.006px; top: 114.262px; width: 93.1465px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,512 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.152px; top: 112.762px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,834</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 325.025px; top: 112.762px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.918px; top: 112.762px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,599</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:584.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 551.5px; top: 0.0117187px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Intellectual </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 562.906px; top: 12.6836px; width: 42.4746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 624.5px; top: 12.6836px; width: 43.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Software </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 709.328px; top: 12.6836px; width: 25.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 555.906px; top: 25.3555px; width: 49.2305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rights and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 620.562px; top: 25.3555px; width: 47.5371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 687.016px; top: 25.3555px; width: 48.5215px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.043px; width: 539.977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 447.221px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Goodwill</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 554.094px; top: 38.043px; width: 47.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">know-how</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 614.688px; top: 38.043px; width: 50.6426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangibles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 704.75px; top: 38.043px; width: 28.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.9375px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.293px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.518px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,464 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">60,745 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,584 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,793 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.418px; width: 735.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.3</span></span><span style="display: inline-block;">) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.408px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,323 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,154 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">311 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">56,788 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.559px; width: 735.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,165 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,875 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.684px; width: 735.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(213) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(70) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(283) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.809px; width: 735.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">277 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">858 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">89 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,224 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.949px; width: 735.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.592px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,064 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,624 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">133,397 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 191.074px; width: 735.311px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,225 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,162 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,387 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.199px; width: 735.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,257 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">255 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,512 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.34px; width: 735.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,441 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">72 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,513 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.465px; width: 736.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(213) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">70) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">283) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.59px; width: 735.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">163 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">178 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 286.715px; width: 735.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.371px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19,873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,434 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,307 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 307.355px; width: 484.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 484.875px; top: 305.855px; width: 250.324px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,064 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">86,836 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,190 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,090 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 324.98px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 344.105px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.518px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,615 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49,731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,281 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">59,627 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 363.246px; width: 735.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,567 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,067 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.371px; width: 736.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,629) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(158) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,787) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 401.496px; width: 736.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(151) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">76 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(39) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(114)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 420.621px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.592px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,464 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">60,745 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,584 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,793 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 439.762px; width: 735.416px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,737 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,688 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 458.887px; width: 735.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,621 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">213 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,834 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 478.012px; width: 735.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,776 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,796 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.152px; width: 736.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.857px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(382)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(382) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.277px; width: 736.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,629) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(16) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,645) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 535.402px; width: 735.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">102 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">(6) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 554.527px; width: 735.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.371px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,225 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,162 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,387 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 575.168px; width: 484.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 484.875px; top: 573.668px; width: 29.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.799px; top: 573.668px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,464</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 539.672px; top: 573.668px; width: 32.9355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 572.607px; top: 573.668px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,520</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 603.053px; top: 573.668px; width: 37.9688px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 641.021px; top: 573.668px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 665.895px; top: 573.668px; width: 36.6562px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 702.551px; top: 573.668px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">60,406</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:526.046875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 715.719px; top: 0.0117187px; width: 30.334px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Assets </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 769.109px; top: 0.0117187px; width: 44.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 12.6836px; width: 45.0996px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 573.469px; top: 12.6836px; width: 45.9961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 653.406px; top: 12.6836px; width: 29.2266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 717.922px; top: 12.6836px; width: 28.8926px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">under </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 767.547px; top: 12.6836px; width: 46.0137px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 25.3711px; width: 42.1699px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 570.156px; top: 25.3711px; width: 48.2461px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">machinery</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.938px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 688.344px; top: 25.3711px; width: 54.5625px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">construction</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.453px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 44.0156px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 59.1211px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.9961px; width: 812.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note 5.3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,460 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">278 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,447 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 92.8711px; width: 812.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,789 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">872 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">874 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">46,650 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,185 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.746px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 109.746px; width: 314.549px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(632) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,305) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(547) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,008) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.621px; width: 813.023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,342 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,602 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,453) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.512px; width: 812.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">943 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">618 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">42 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,677 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 160.387px; width: 813.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">62,141 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">63,198 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,167 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214,884 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 177.262px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 177.262px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.137px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,786 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,099 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,148 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,033 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.012px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">474 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">524 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,049 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 227.887px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 227.887px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(563) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(918) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(538) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,543) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 244.777px; width: 755.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">113 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">53 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.678px; top: 244.777px; width: 57.5977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">235 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.652px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,704 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,558 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,134 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,396 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.027px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 278.527px; width: 256.465px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,437 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,640 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,033 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.965px; top: 280.027px; width: 57.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">162,488 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 295.402px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 312.277px; width: 813.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43,403 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,548 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,114 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,361 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,426 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 329.152px; width: 499.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.201px; top: 329.152px; width: 314.021px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,681 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,830 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,431 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.027px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 346.027px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(690) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(952) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(624) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,828) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 362.918px; width: 813.316px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,246 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,679 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9,656) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 379.793px; width: 499.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.611px; top: 379.793px; width: 314.309px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(650) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(371) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(115) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(310) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,446) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 396.668px; width: 812.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.543px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,781 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,935 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,039 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 413.543px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,755 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 430.418px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,450 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,919 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,086 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,455 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 447.293px; width: 812.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">118 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">562 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 464.168px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 464.168px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(664) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(942) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(597) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,765) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 481.059px; width: 756.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(248) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(196) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(89) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 756.041px; top: 481.059px; width: 57.9023px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(533)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.934px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.309px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 514.809px; width: 311.426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30,665 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,117 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,516 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90,961</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:143.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 388.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.09px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,799</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,522</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,205</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">487</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">423</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 388.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,120</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,053</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">898</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 387.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.09px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">554</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">354</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">408</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6367px; width: 388.412px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.4002px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">73</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">26</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.262px; width: 232.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.447px; top: 114.262px; width: 155.473px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,033</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,455</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 131.887px; width: 233.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Of which related to leased assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4239px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.074px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,500</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 257.947px; top: 131.887px; width: 42.1934px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.141px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,251</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 325.014px; top: 131.887px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.906px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,052</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses and reversals</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:68.625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,912 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,108</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">760</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 387.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,601 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">306</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.8867px; width: 207.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total impairment losses and reversals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 207.135px; top: 58.8867px; width: 181.072px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,513 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,414</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">760</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:584.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 551.5px; top: 0.0117187px; width: 53.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Intellectual </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 562.906px; top: 12.6836px; width: 42.4746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 624.5px; top: 12.6836px; width: 43.3242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Software </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 709.328px; top: 12.6836px; width: 25.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 555.906px; top: 25.3555px; width: 49.2305px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rights and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 620.562px; top: 25.3555px; width: 47.5371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 687.016px; top: 25.3555px; width: 48.5215px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.043px; width: 539.977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 447.221px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Goodwill</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 554.094px; top: 38.043px; width: 47.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">know-how</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 614.688px; top: 38.043px; width: 50.6426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangibles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 704.75px; top: 38.043px; width: 28.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.9375px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.293px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.518px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,464 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">60,745 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,584 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,793 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.418px; width: 735.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.3</span></span><span style="display: inline-block;">) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.408px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,323 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,154 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">311 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">56,788 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.559px; width: 735.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,165 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,875 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.684px; width: 735.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(213) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(70) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(283) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.809px; width: 735.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">277 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">858 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">89 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,224 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.949px; width: 735.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.592px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,064 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,624 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">133,397 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 191.074px; width: 735.311px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,225 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,162 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,387 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.199px; width: 735.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,257 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">255 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,512 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.34px; width: 735.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,441 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">72 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,513 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.465px; width: 736.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(213) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">70) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">283) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.59px; width: 735.428px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">163 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">178 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 286.715px; width: 735.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.371px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19,873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,434 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,307 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 307.355px; width: 484.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 484.875px; top: 305.855px; width: 250.324px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,064 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">86,836 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,190 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,090 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 324.98px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 344.105px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.518px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,615 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49,731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,281 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">59,627 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 363.246px; width: 735.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,567 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,067 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.371px; width: 736.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.303px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,629) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(158) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,787) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 401.496px; width: 736.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(151) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">76 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(39) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(114)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 420.621px; width: 735.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.592px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,464 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">60,745 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,584 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,793 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 439.762px; width: 735.416px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.865px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,737 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,688 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 458.887px; width: 735.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,621 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">213 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,834 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 478.012px; width: 735.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.77px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,776 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,796 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.152px; width: 736.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.857px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(382)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(382) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.277px; width: 736.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,629) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(16) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,645) </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 535.402px; width: 735.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.428px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">102 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">(6) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 554.527px; width: 735.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 217.371px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,225 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,162 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,387 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 575.168px; width: 484.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffc4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 484.875px; top: 573.668px; width: 29.9238px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.799px; top: 573.668px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,464</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 539.672px; top: 573.668px; width: 32.9355px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 572.607px; top: 573.668px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,520</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 603.053px; top: 573.668px; width: 37.9688px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 641.021px; top: 573.668px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,422</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 665.895px; top: 573.668px; width: 36.6562px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 702.551px; top: 573.668px; width: 30.4453px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">60,406</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses on intellectual property rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses on intellectual property rights amounted to <span class="_ _0"/><span class="ls30 ws36">DKK 9,441 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 1,776 million in 2023</span>). The single-largest impairment loss recognised in 2024 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounted to <span class="ls30 ws36">DKK 5,650 million</span> arising from the impairment of ocedurenone. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss is linked to the termination of a phase 3 trial with ocedurenone which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">failed to meet its primary endpoints, hence the recoverable amount was estimated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nil. The impairment loss is recognised in research and development costs in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segment Diabetes and Obesity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment review of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is allocated to the segments Diabetes and Obesity care by <span class="_ _0"/><span class="ls30 ws36">DKK 19,592 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 4,018 million in 2023</span>) and to Rare Disease by <span class="ls30 ws36">DKK 472 million</span> (<span class="ls30 ws36">DKK 446 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0">). The annual impairment review showed that the recoverable amount in the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecast <span class="ls30 ws36">period significantly </span>exceeds the carrying amount of the cash-generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units to which goodwill was allocated. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is monitored <span class="_ _0"/>for impairment at the <span class="_ _0"/>operating segment level, <span class="_ _0"/>which is the lowest <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level CGU to <span class="_ _0"/>which consolidated goodwill is <span class="_ _0"/>allocated and monitored by <span class="_ _0"/>Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGUs are therefore <span class="_ _0"/>defined as Novo Nordisk's <span class="_ _0"/>operating segments, Diabetes and <span class="_ _0"/>Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare <span class="_ _0"/>disease. The recoverable <span class="_ _0"/>amount is estimated based <span class="_ _0"/>on fair value, w<span class="_ _0"/>ith fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value being estimated <span class="_ _0"/>at net present value <span class="_ _0"/>using an income-approach. The</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> applied post-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax discount rates <span class="_ _0"/>are <span class="lse ws9">7.0%</span> (Pre-tax <span class="_ _0"/>discount rate of <span class="_ _0"/><span class="lse ws9">8.3%<span class="ls13 ws5d">). Cash flow projections <span class="_ _0"/>are </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on budgets <span class="_ _0"/>approved by Management. The <span class="_ _0"/>forecast period comprises <span class="_ _d"/>9 years. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key estimations relate to volume of market share, growth rates, pricing, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development of new markets and the success rate for introducing new products and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treatments. Assumptions are affected by external factors such as market and generic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">competition, and price regulation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key assumptions reflect past experience adjusted for market specific risks or expected</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">changes. Fair value is determined using largely unobservable inputs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING FAIR VALUES OF INTANGIBLE </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS IN IMPAIRMENT REVIEWS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and intangible assets not yet available for use are tested for impairment at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">least annually or when indicators of impairment are identified. Goodwill is allocated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">operating segments based on expected future cash flow from products utilising the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">synergies and know-how acquired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows from marketable products. The discount rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used is based on the Group WACC, adjusted where appropriate, to reflect the risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the specific asset tested. Fair value is determined using largely unobservable inputs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accordingly, the valuation technique and inputs used to measure fair value are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classified as level 3 in the fair value hierarchy. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assets that are subject to amortisation are reviewed for impairment whenever </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">events or changes in circumstances indicate that the carrying amount may not be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable. Factors considered material that could trigger an impairment test include</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Development of a competing drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Realised sales trending below predicted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes or anticipated changes in participation rates or reimbursement policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Inconsistent or unfavourable clinical readouts</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the legal framework covering patents, rights and licences</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Advances in medicine and/or technology that affect the medical treatments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Adverse impact on reputation and/or brand names</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the economic lives of similar assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Relationship to other intangible assets or property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An impairment loss is recognised when the carrying amount of in<span class="_ _0"/>tangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exceeds the recoverable amount. Impairments on intangible assets, other than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill, are reviewed at each reporting date for possible reversal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets acquired separately are initially measured at cost and are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently measured at cost less any accumulated amortisation and any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss. Identifiable intangible assets acquired in a business combination </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are initially measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of intellectual property rights is based on the straight-line method over </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the estimated useful life. This corresponds to the legal duration or the economic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life depending on which is shorter, and not exceeding <span class="_ _0"/>25 years in either case. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of intellectual property rights commences after regulatory approval </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been obtained or when assets are put in use. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of know-how, which arises from business combinations, is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of <span class="_ _0"/>10 years corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the period in which economic benefits are expected to be realised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of software is based on the straight-line method over the estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life of 3-15 years. The amortisation commences when the asset is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:526.046875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 715.719px; top: 0.0117187px; width: 30.334px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Assets </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 769.109px; top: 0.0117187px; width: 44.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 12.6836px; width: 45.0996px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 573.469px; top: 12.6836px; width: 45.9961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 653.406px; top: 12.6836px; width: 29.2266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 717.922px; top: 12.6836px; width: 28.8926px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">under </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 767.547px; top: 12.6836px; width: 46.0137px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 25.3711px; width: 42.1699px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 570.156px; top: 25.3711px; width: 48.2461px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">machinery</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.938px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 688.344px; top: 25.3711px; width: 54.5625px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">construction</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.453px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 44.0156px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 59.1211px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.9961px; width: 812.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note 5.3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,460 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">278 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,447 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 92.8711px; width: 812.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,789 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">872 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">874 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">46,650 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,185 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.746px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 109.746px; width: 314.549px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(632) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,305) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(547) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,008) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.621px; width: 813.023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,342 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,602 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,453) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.512px; width: 812.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">943 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">618 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">42 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,677 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 160.387px; width: 813.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">62,141 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">63,198 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,167 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214,884 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 177.262px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 177.262px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.137px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,786 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,099 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,148 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,033 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.012px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">474 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">524 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,049 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 227.887px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 227.887px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(563) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(918) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(538) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,543) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 244.777px; width: 755.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">113 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">53 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.678px; top: 244.777px; width: 57.5977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">235 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.652px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,704 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,558 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,134 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,396 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.027px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 278.527px; width: 256.465px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,437 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,640 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,033 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.965px; top: 280.027px; width: 57.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">162,488 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 295.402px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 312.277px; width: 813.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43,403 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,548 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,114 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,361 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,426 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 329.152px; width: 499.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.201px; top: 329.152px; width: 314.021px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,681 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,830 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,431 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.027px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 346.027px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(690) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(952) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(624) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,828) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 362.918px; width: 813.316px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,246 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,679 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9,656) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 379.793px; width: 499.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.611px; top: 379.793px; width: 314.309px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(650) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(371) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(115) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(310) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,446) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 396.668px; width: 812.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.543px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,781 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,935 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,039 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 413.543px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,755 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 430.418px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,450 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,919 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,086 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,455 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 447.293px; width: 812.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">118 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">562 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 464.168px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 464.168px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(664) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(942) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(597) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,765) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 481.059px; width: 756.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(248) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(196) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(89) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 756.041px; top: 481.059px; width: 57.9023px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(533)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.934px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.309px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 514.809px; width: 311.426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30,665 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,117 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,516 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90,961</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:106.890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.258px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">962</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">446</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 388.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.891px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 387.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.3498px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">78</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.0273px; width: 232.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.348px; top: 78.0273px; width: 155.771px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,049</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">710</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 387.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Of which related to leased assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk mainly leases office buildings, warehouses, laboratories and vehicles. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The right-of-use asset is presented in property, plant and equipment and the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability in borrowings.</span> Material intangible assets Intellectual property rights and know-how with a carrying value of DKK 86,836 million (DKK 52,520 million in 2023), comprise intellectual property and licenses related mainly to marketed products, know-how attributable to manufacturing, products and technologies in development as well as technologies used in the research and development phase.Know-how with a carrying value of DKK 40,944 million (DKK nil in 2023), and a remaining useful life of 10 years, is recognised in the acquisition of three fill-finish sites in 2024 and is primarily attributable to the documented processes and systems for efficient and large-scale production of GLP-1 products as well as know-how to expand capacity in an efficient way. Intellectual property and licenses related to ®marketed products include Rybelsus with a carrying value of DKK 5,453 million (DKK 6,018 million in 2023) and a remaining useful life of 10 years (11 years in 2023). Technologies used in the research and development phase include a RNAi technology platform with a carrying value of DKK 9,530 million (DKK 9,480 million in 2023), with a remaining estimated useful life of 20 years (21 years in 2023).Intellectual property rights and know-how as well as Software and other intangibles contain assets not yet available for use amounting to DKK 23,893 million (DKK 29,548 million in 2023). <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses on intellectual property rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses on intellectual property rights amounted to <span class="_ _0"/><span class="ls30 ws36">DKK 9,441 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 1,776 million in 2023</span>). The single-largest impairment loss recognised in 2024 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounted to <span class="ls30 ws36">DKK 5,650 million</span> arising from the impairment of ocedurenone. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss is linked to the termination of a phase 3 trial with ocedurenone which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">failed to meet its primary endpoints, hence the recoverable amount was estimated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nil. The impairment loss is recognised in research and development costs in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segment Diabetes and Obesity.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment review of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is allocated to the segments Diabetes and Obesity care by <span class="_ _0"/><span class="ls30 ws36">DKK 19,592 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 4,018 million in 2023</span>) and to Rare Disease by <span class="ls30 ws36">DKK 472 million</span> (<span class="ls30 ws36">DKK 446 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0">). The annual impairment review showed that the recoverable amount in the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecast <span class="ls30 ws36">period significantly </span>exceeds the carrying amount of the cash-generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units to which goodwill was allocated. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is monitored <span class="_ _0"/>for impairment at the <span class="_ _0"/>operating segment level, <span class="_ _0"/>which is the lowest <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level CGU to <span class="_ _0"/>which consolidated goodwill is <span class="_ _0"/>allocated and monitored by <span class="_ _0"/>Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGUs are therefore <span class="_ _0"/>defined as Novo Nordisk's <span class="_ _0"/>operating segments, Diabetes and <span class="_ _0"/>Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare <span class="_ _0"/>disease. The recoverable <span class="_ _0"/>amount is estimated based <span class="_ _0"/>on fair value, w<span class="_ _0"/>ith fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value being estimated <span class="_ _0"/>at net present value <span class="_ _0"/>using an income-approach. The</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> applied post-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax discount rates <span class="_ _0"/>are <span class="lse ws9">7.0%</span> (Pre-tax <span class="_ _0"/>discount rate of <span class="_ _0"/><span class="lse ws9">8.3%<span class="ls13 ws5d">). Cash flow projections <span class="_ _0"/>are </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on budgets <span class="_ _0"/>approved by Management. The <span class="_ _0"/>forecast period comprises <span class="_ _d"/>9 years. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key estimations relate to volume of market share, growth rates, pricing, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development of new markets and the success rate for introducing new products and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treatments. Assumptions are affected by external factors such as market and generic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">competition, and price regulation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key assumptions reflect past experience adjusted for market specific risks or expected</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes. Fair value is determined using largely unobservable inputs.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment review of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is allocated to the segments Diabetes and Obesity care by <span class="_ _0"/><span class="ls30 ws36">DKK 19,592 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 4,018 million in 2023</span>) and to Rare Disease by <span class="ls30 ws36">DKK 472 million</span> (<span class="ls30 ws36">DKK 446 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0">). The annual impairment review showed that the recoverable amount in the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecast <span class="ls30 ws36">period significantly </span>exceeds the carrying amount of the cash-generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units to which goodwill was allocated. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is monitored <span class="_ _0"/>for impairment at the <span class="_ _0"/>operating segment level, <span class="_ _0"/>which is the lowest <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level CGU to <span class="_ _0"/>which consolidated goodwill is <span class="_ _0"/>allocated and monitored by <span class="_ _0"/>Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGUs are therefore <span class="_ _0"/>defined as Novo Nordisk's <span class="_ _0"/>operating segments, Diabetes and <span class="_ _0"/>Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare <span class="_ _0"/>disease. The recoverable <span class="_ _0"/>amount is estimated based <span class="_ _0"/>on fair value, w<span class="_ _0"/>ith fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value being estimated <span class="_ _0"/>at net present value <span class="_ _0"/>using an income-approach. The</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> applied post-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax discount rates <span class="_ _0"/>are <span class="lse ws9">7.0%</span> (Pre-tax <span class="_ _0"/>discount rate of <span class="_ _0"/><span class="lse ws9">8.3%<span class="ls13 ws5d">). Cash flow projections <span class="_ _0"/>are </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on budgets <span class="_ _0"/>approved by Management. The <span class="_ _0"/>forecast period comprises <span class="_ _d"/>9 years. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key estimations relate to volume of market share, growth rates, pricing, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development of new markets and the success rate for introducing new products and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treatments. Assumptions are affected by external factors such as market and generic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">competition, and price regulation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key assumptions reflect past experience adjusted for market specific risks or expected</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes. Fair value is determined using largely unobservable inputs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets acquired separately are initially measured at cost and are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently measured at cost less any accumulated amortisation and any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss. Identifiable intangible assets acquired in a business combination </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are initially measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of intellectual property rights is based on the straight-line method over </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the estimated useful life. This corresponds to the legal duration or the economic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life depending on which is shorter, and not exceeding <span class="_ _0"/>25 years in either case. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of intellectual property rights commences after regulatory approval </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been obtained or when assets are put in use. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of know-how, which arises from business combinations, is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of <span class="_ _0"/>10 years corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the period in which economic benefits are expected to be realised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of software is based on the straight-line method over the estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life of 3-15 years. The amortisation commences when the asset is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment review of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is allocated to the segments Diabetes and Obesity care by <span class="_ _0"/><span class="ls30 ws36">DKK 19,592 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls30 ws36">DKK 4,018 million in 2023</span>) and to Rare Disease by <span class="ls30 ws36">DKK 472 million</span> (<span class="ls30 ws36">DKK 446 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0">). The annual impairment review showed that the recoverable amount in the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecast <span class="ls30 ws36">period significantly </span>exceeds the carrying amount of the cash-generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units to which goodwill was allocated. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill is monitored <span class="_ _0"/>for impairment at the <span class="_ _0"/>operating segment level, <span class="_ _0"/>which is the lowest <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level CGU to <span class="_ _0"/>which consolidated goodwill is <span class="_ _0"/>allocated and monitored by <span class="_ _0"/>Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGUs are therefore <span class="_ _0"/>defined as Novo Nordisk's <span class="_ _0"/>operating segments, Diabetes and <span class="_ _0"/>Obesity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care and Rare <span class="_ _0"/>disease. The recoverable <span class="_ _0"/>amount is estimated based <span class="_ _0"/>on fair value, w<span class="_ _0"/>ith fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value being estimated <span class="_ _0"/>at net present value <span class="_ _0"/>using an income-approach. The</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> applied post-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax discount rates <span class="_ _0"/>are <span class="lse ws9">7.0%</span> (Pre-tax <span class="_ _0"/>discount rate of <span class="_ _0"/><span class="lse ws9">8.3%<span class="ls13 ws5d">). Cash flow projections <span class="_ _0"/>are </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on budgets <span class="_ _0"/>approved by Management. The <span class="_ _0"/>forecast period comprises <span class="_ _d"/>9 years. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The key estimations relate to volume of market share, growth rates, pricing, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development of new markets and the success rate for introducing new products and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treatments. Assumptions are affected by external factors such as market and generic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">competition, and price regulation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Key assumptions reflect past experience adjusted for market specific risks or expected</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">changes. Fair value is determined using largely unobservable inputs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING FAIR VALUES OF INTANGIBLE </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS IN IMPAIRMENT REVIEWS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and intangible assets not yet available for use are tested for impairment at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">least annually or when indicators of impairment are identified. Goodwill is allocated to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">operating segments based on expected future cash flow from products utilising the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">synergies and know-how acquired. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests are based on Management’s projections and anticipated net present </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of estimated future cash flows from marketable products. The discount rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used is based on the Group WACC, adjusted where appropriate, to reflect the risk of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the specific asset tested. Fair value is determined using largely unobservable inputs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accordingly, the valuation technique and inputs used to measure fair value are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classified as level 3 in the fair value hierarchy. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assets that are subject to amortisation are reviewed for impairment whenever </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">events or changes in circumstances indicate that the carrying amount may not be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable. Factors considered material that could trigger an impairment test include</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the following:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Development of a competing drug</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Realised sales trending below predicted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes or anticipated changes in participation rates or reimbursement policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Inconsistent or unfavourable clinical readouts</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the legal framework covering patents, rights and licences</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Advances in medicine and/or technology that affect the medical treatments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Adverse impact on reputation and/or brand names</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Changes in the economic lives of similar assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Relationship to other intangible assets or property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An impairment loss is recognised when the carrying amount of in<span class="_ _0"/>tangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exceeds the recoverable amount. Impairments on intangible assets, other than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill, are reviewed at each reporting date for possible reversal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets acquired separately are initially measured at cost and are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently measured at cost less any accumulated amortisation and any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment loss. Identifiable intangible assets acquired in a business combination </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are initially measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of intellectual property rights is based on the straight-line method over </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the estimated useful life. This corresponds to the legal duration or the economic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life depending on which is shorter, and not exceeding <span class="_ _0"/>25 years in either case. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of intellectual property rights commences after regulatory approval </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been obtained or when assets are put in use. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of know-how, which arises from business combinations, is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of <span class="_ _0"/>10 years corresponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the period in which economic benefits are expected to be realised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation of software is based on the straight-line method over the estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life of 3-15 years. The amortisation commences when the asset is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Internal and subcontracted research costs are fully charged to the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement in the period in which they are incurred. Consistent with industry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">practice, development costs are also expensed until regulatory approval is obtained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or is probable; refer to note <span class="ls30 ws36">2.3</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Payments to third parties under collaboration and licence agreements are assessed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the substance of their nature. Payments which represent subcontracted research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development work are expensed as the services are received. Payments which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">represent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transfer of rights of intellectual property are capitalised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For acquired research and development projects, and intellectual property rights, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the likelihood of obtaining future commercial sales is reflected in the cost of the asset, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and thus the probability recognition criteria is always considered to be satisfied. As the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of acquired research and development projects can often be measured reliably, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these projects fulfil the capitalisation criteria as intangible assets on acquisition. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent milestone payments payable on achievement of a contingent event (e.g. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement of phase 3 trials) are accrued and capitalised into the cost of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible asset when the achievement of the event is probable. Development costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incurred subsequent to acquisition are treated consistently with internal project </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:526.046875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 715.719px; top: 0.0117187px; width: 30.334px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Assets </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 769.109px; top: 0.0117187px; width: 44.9883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 12.6836px; width: 45.0996px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 573.469px; top: 12.6836px; width: 45.9961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 653.406px; top: 12.6836px; width: 29.2266px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 717.922px; top: 12.6836px; width: 28.8926px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">under </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 767.547px; top: 12.6836px; width: 46.0137px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 512.031px; top: 25.3711px; width: 42.1699px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 570.156px; top: 25.3711px; width: 48.2461px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">machinery</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.938px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 688.344px; top: 25.3711px; width: 54.5625px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">construction</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 760.453px; top: 25.3711px; width: 50.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 44.0156px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 59.1211px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.9961px; width: 812.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions from acquisition of businesses (note 5.3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,709 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,460 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">278 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,447 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 92.8711px; width: 812.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,789 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">872 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">874 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">46,650 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,185 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.746px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 109.746px; width: 314.549px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(632) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,305) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(547) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,008) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.621px; width: 813.023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,342 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.88281px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,602 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,453) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.512px; width: 812.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">943 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">618 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">42 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,677 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 160.387px; width: 813.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">62,141 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">63,198 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,167 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214,884 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 177.262px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 177.262px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.137px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,786 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,099 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,148 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,033 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.012px; width: 812.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">474 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">524 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,049 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 227.887px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 227.887px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(563) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(918) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(538) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(524) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,543) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 244.777px; width: 755.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">113 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">53 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.678px; top: 244.777px; width: 57.5977px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">235 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.652px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,704 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,558 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,134 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52,396 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.027px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 278.527px; width: 256.465px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,437 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,640 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,033 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,378 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.965px; top: 280.027px; width: 57.2754px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">162,488 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 295.402px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 312.277px; width: 813.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 349.143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43,403 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,548 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,114 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,361 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111,426 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 329.152px; width: 499.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.201px; top: 329.152px; width: 314.021px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,681 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">873 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,830 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,431 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.027px; width: 499.359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.627px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.359px; top: 346.027px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(690) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(952) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(624) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,828) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 362.918px; width: 813.316px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transfer and reclassifications</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.748px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,246 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,679 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">731 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9,656) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 379.793px; width: 499.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.611px; top: 379.793px; width: 314.309px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(650) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(371) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(115) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(310) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,446) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 396.668px; width: 812.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.461px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">48,990 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40,951 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,979 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 15.5156px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138,583 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.543px; width: 755.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.065px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,781 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,935 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,039 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 755.725px; top: 413.543px; width: 57.4922px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">44,755 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 430.418px; width: 812.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,450 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,919 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,086 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,455 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 447.293px; width: 812.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.553px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">118 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">562 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">710 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 464.168px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses reversed on disposals during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.607px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 464.168px; width: 314.25px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(664) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(942) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(597) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(562) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,765) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 481.059px; width: 756.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 339.164px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(248) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(196) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(89) </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 756.041px; top: 481.059px; width: 57.9023px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(533)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 497.934px; width: 812.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impairment losses at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.887px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,325 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,834 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.252px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">47,622 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 516.309px; width: 499.5px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.467px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.5px; top: 514.809px; width: 311.426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30,665 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,117 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,516 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,663 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 21.9785px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90,961</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:143.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 388.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.09px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,799</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,522</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,205</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.641px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">487</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">423</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 388.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,120</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,053</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">898</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 387.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Administrative costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.09px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">554</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">354</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">408</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6367px; width: 388.412px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income and expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.4002px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">73</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">26</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.262px; width: 232.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.32px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.447px; top: 114.262px; width: 155.473px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,033</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,455</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,954</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 131.887px; width: 233.074px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Of which related to leased assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4239px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.074px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,500</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 257.947px; top: 131.887px; width: 42.1934px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.141px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,251</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 325.014px; top: 131.887px; width: 37.8926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.906px; top: 131.887px; width: 24.873px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,052</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:106.890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 388.002px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 388.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of goods sold</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.258px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">962</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">446</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.4123px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 388.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales and distribution costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.891px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 387.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.3498px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">78</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.0273px; width: 232.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.348px; top: 78.0273px; width: 155.771px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,049</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">710</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 387.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Of which related to leased assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.086px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk mainly leases office buildings, warehouses, laboratories and vehicles. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The right-of-use asset is presented in property, plant and equipment and the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability in borrowings.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Leased property, plant and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:68.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 387.779px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 388.271px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and buildings</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 208.471px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,067</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 388.025px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other equipment</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 224.473px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">775</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">768</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 58.9023px; width: 387.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,842</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc7; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,925</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total cash outflow for leases amounted to <span class="ls30 ws36">DKK 2,211 million</span> (<span class="ls30 ws36">DKK 2,022 million in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 and DKK 1,438 million in 2022<span class="ls0 ws0">). Refer to note </span>4.6<span class="ls0 ws0"> for a maturity analysis of </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lease payments and <span class="ls30 ws36">5.2</span> for commitments not recognised in the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">related to leases.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Property, plant and equipment is measured at historical cost less accumulated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciations and any impairment loss. The cost of self-constructed assets includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs directly attributable to the construction of the assets. Any subsequent cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the asset’s carrying amount or recognised as a separate asset only when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it is probable that future economic benefits associated with the item will flow to Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk, and the cost of the item can be measured reliably. Depreciation is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of the assets (buildings: <span class="_ _0"/><span class="ls30 ws36">10<span class="ls0 ws0">-</span>50<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, plant and machinery: 5-<span class="ls30 ws36">25</span> years and other equipment: <span class="_ _0"/>3-<span class="ls30 ws36">10</span> years. Land is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated). Climate-related matters, including the commitment to reach net zero </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">emissions, were considered when estimating the useful lives of property, plant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation commences when the asset is available for use, i.e. when it is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management. The asset's residual value and useful life is reviewed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjusted, if appropriate, at the end of each reporting period. If an asset’s carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount is higher than its estimated recoverable amount, it is written down to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable amount. Plant and equipment with no alternative use developed as part </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a research and development project are expensed. However, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with an alternative use or used for general research and development purposes are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and depreciated over the estimated useful life as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">development costs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contracts which are, or contain, a lease, the Group recognises a right-of-use asset </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and a lease liability. The right-of-use asset is initially measured at cost, being the initial</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of the lease liability. The right-of-use asset is subsequently depreciated using </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the lease term.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term comprises the non-cancellable period of a lease, together with<span class="_ _0"/> periods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">covered by extension options if these are reasonably certain to be exercised.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Property, plant and equipment is measured at historical cost less accumulated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciations and any impairment loss. The cost of self-constructed assets includes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs directly attributable to the construction of the assets. Any subsequent cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the asset’s carrying amount or recognised as a separate asset only when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it is probable that future economic benefits associated with the item will flow to Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk, and the cost of the item can be measured reliably. Depreciation is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the estimated useful life of the assets (buildings: <span class="_ _0"/><span class="ls30 ws36">10<span class="ls0 ws0">-</span>50<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, plant and machinery: 5-<span class="ls30 ws36">25</span> years and other equipment: <span class="_ _0"/>3-<span class="ls30 ws36">10</span> years. Land is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated). Climate-related matters, including the commitment to reach net zero </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">emissions, were considered when estimating the useful lives of property, plant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation commences when the asset is available for use, i.e. when it is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management. The asset's residual value and useful life is reviewed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjusted, if appropriate, at the end of each reporting period. If an asset’s carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount is higher than its estimated recoverable amount, it is written down to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable amount. Plant and equipment with no alternative use developed as part </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a research and development project are expensed. However, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with an alternative use or used for general research and development purposes are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and depreciated over the estimated useful life as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">development costs.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contracts which are, or contain, a lease, the Group recognises a right-of-use asset </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and a lease liability. The right-of-use asset is initially measured at cost, being the initial</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount of the lease liability. The right-of-use asset is subsequently depreciated using </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the straight-line method over the lease term.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term comprises the non-cancellable period of a lease, together with<span class="_ _0"/> periods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">covered by extension options if these are reasonably certain to be exercised.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation commences when the asset is available for use, i.e. when it is in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">location and condition necessary for it to be capable of operating in the manner </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended by Management. The asset's residual value and useful life is reviewed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjusted, if appropriate, at the end of each reporting period. If an asset’s carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount is higher than its estimated recoverable amount, it is written down to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoverable amount. Plant and equipment with no alternative use developed as part </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a research and development project are expensed. However, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with an alternative use or used for general research and development purposes are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and depreciated over the estimated useful life as research and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development costs.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.3 Inventories</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:288.296875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 387.779px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 388.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Raw materials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.639px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,369</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,500</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2617px; width: 387.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Work in progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.541px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,335</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,601</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3867px; width: 387.756px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Finished goods</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 226.635px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,873</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,224</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 388.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total inventories (gross)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.023px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44,577</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34,325</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6523px; width: 388.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-downs at year-end</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(3,728)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,514)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.277px; width: 388.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total inventories (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.512px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">40,849</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31,811</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 130.465px; width: 206.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Indirect production costs included in work in </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.152px; width: 388.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">progress and finished goods</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.234px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,082</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,101</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 163.777px; width: 390.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share of total inventories (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -3.12px; width: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">37% </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: -2.7px; width: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">41% </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.172px; width: 185.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Movements in inventory write-downs:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 200.543px; width: 388.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-downs at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.478px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,514</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,715</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.668px; width: 388.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-downs during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.531px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,660</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,808</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.793px; width: 388.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilisation of write-downs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.348px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,401)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(718)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 257.918px; width: 388.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversal of write-downs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.98px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(291)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 278.559px; width: 387.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-downs at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,728</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,514</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All write-downs in both 2024 and 2023 relate to fully impaired inventory.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories are stated at cost or net realisable value, whichever is lower. Cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined using the <span class="_ _0"/>first-in, first-out method. Cost <span class="_ _0"/>comprises direct production </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs such as raw <span class="_ _0"/>materials, consumables and <span class="_ _0"/>labour. Production costs for <span class="_ _0"/>work in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">progress and finished <span class="_ _0"/>goods include indirect production <span class="_ _0"/>costs such as employee <span class="_ _0"/>costs,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation, maintenance, etc. If the expected sales price less completion costs to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">execute sales (net realisab<span class="_ _0"/>le value) is lower <span class="_ _0"/>than the carrying amount, <span class="_ _0"/>a write-down is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised for the <span class="_ _0"/>amount by which the <span class="_ _0"/>carrying amount exceeds its <span class="_ _0"/>net realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventory manufactured prior to regulatory approval (prelaunch inventory) is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised but immediately written down, until there is a high probability of regulatory</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval for the product. The cost is recognised in the income statement as research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development costs. Once there is a high probability of regulatory approval being </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obtained, the write-down is reversed, up to no more than the original cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories are stated at cost or net realisable value, whichever is lower. Cost is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined using the <span class="_ _0"/>first-in, first-out method. Cost <span class="_ _0"/>comprises direct production </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs such as raw <span class="_ _0"/>materials, consumables and <span class="_ _0"/>labour. Production costs for <span class="_ _0"/>work in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">progress and finished <span class="_ _0"/>goods include indirect production <span class="_ _0"/>costs such as employee <span class="_ _0"/>costs,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation, maintenance, etc. If the expected sales price less completion costs to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">execute sales (net realisab<span class="_ _0"/>le value) is lower <span class="_ _0"/>than the carrying amount, <span class="_ _0"/>a write-down is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised for the <span class="_ _0"/>amount by which the <span class="_ _0"/>carrying amount exceeds its <span class="_ _0"/>net realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventory manufactured prior to regulatory approval (prelaunch inventory) is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised but immediately written down, until there is a high probability of regulatory</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approval for the product. The cost is recognised in the income statement as research </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and development costs. Once there is a high probability of regulatory approval being </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obtained, the write-down is reversed, up to no more than the original cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:367.02734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 141.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 14.25px; font-family: ffca; -webkit-text-stroke: 0.21375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.4 Trade receivables</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 231.188px; top: 24.3555px; width: 28.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 369.984px; top: 24.3555px; width: 18.9668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 220.719px; top: 37.043px; width: 40.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.641px; top: 37.043px; width: 22.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Loss </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 349.703px; top: 37.043px; width: 40.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 49.7148px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 222.5px; top: 49.7148px; width: 36px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.781px; top: 49.7148px; width: 45.6504px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">allowance</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.938px; top: 49.7148px; width: 36px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 72.625px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 87.9648px; width: 383.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not yet due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.185px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">71,245</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,049)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,196</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 107.09px; width: 383.602px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1-90 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 185.929px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,452</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(230)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,222</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 126.215px; width: 383.49px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">91-180 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 183.304px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">415</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(110)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">305</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 145.355px; width: 383.42px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">181-270 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">328</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(102)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">226</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 164.48px; width: 383.543px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271-360 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">341</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(341)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 183.605px; width: 383.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">More than 360 days past due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">295</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(295)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 204.23px; width: 383.83px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.24px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">74,076</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,127)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">71,949</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 221.871px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 240.996px; width: 383.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not yet due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.185px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,327</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,095)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">63,232</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 260.121px; width: 383.602px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1-90 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 185.929px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,557</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(160)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,397</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 279.262px; width: 383.49px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">91-180 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 183.304px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">211</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(100)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 298.387px; width: 383.561px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">181-270 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(81)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 55.0545px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 317.512px; width: 383.291px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271-360 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 183.304px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(90)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 336.637px; width: 383.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">More than 360 days past due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">268</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(268)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 357.277px; width: 383.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.24px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">66,564</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,794)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">64,770</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Allowance for doubtful trade receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:104.875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 252.363px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 386.619px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.9043px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,794</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,520</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversal of allowance on realised losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.898px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(70)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(39)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3867px; width: 387.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net movement recognised in income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.7168px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">445</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">413</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 386.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.1px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(42)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(100)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.1367px; width: 302.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allowance at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.299px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 302.332px; top: 95.1367px; width: 25.043px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,127</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.375px; top: 95.1367px; width: 59.373px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,794</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk’s customer base is comprised of government agencies, wholesalers, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">retail pharmacies and other customers. Novo Nordisk closely monitors the current </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic conditions of countries impacted by currency fluctuations, high inflation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and an unstable political climate. These indicators, as well as payment history, are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">taken into account in the valuation of trade receivables. No loss allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on trade receivables in factoring portfolios in 2024 and 2023. Refer to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">note <span class="ls30 ws36">4.4</span> for mor</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">e information on credit exposures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Trade receivables are initially recognised at transaction price and subsequently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at amortised cost using the effective interest method, less allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for doubtful trade receivables. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Before being sold, trade receivables in factoring portfolios are measured at fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with changes recognised in other comprehensive income. The allowance for doubtful </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables is deducted from the carrying amount of trade receivables in sales and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">distribution costs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures allowance for doubtful trade receivables based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">simplified approach to provide for expected credit losses, which requires the use </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the lifetime expected loss provision for all trade receivables. The allowance is an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimate based on shared credit risk characteristics and the days past due. Generally, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices are due for payment within 90 days from shipment of goods. Loss allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is calculated using an ageing factor, geographical risk and specific customer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">knowledge. The allowance is based on a provision matrix on days past due and a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward looking element relating mainly to incorporation of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">S&amp;P Ratings country risk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ratings and an individual assessment. Refer to note <span class="_ _0"/><span class="ls30 ws36">4.4<span class="ls0 ws0"> for a general description of </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit risk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk exposure to non-financial counterparties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers its maximum credit exposure to trade receivables, other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables (less prepayments and VAT receivables) and other financial assets to be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 77,572 million<span class="ls0 ws0"> (</span>DKK 67,209 million in 2023<span class="ls0 ws0">). Refer to note </span>4.8<span class="ls0 ws0"> for details of the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group's total financial assets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Outside the US, Novo Nordisk has no significant concentration of credit risk related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to trade receivables or other receivables and prepayments, because the exposure in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">general is spread over a large number of counterparties and customers. In the US, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three major wholesalers account for a large proportion of total net sales, see note <span class="_ _0"/><span class="ls30 ws36">2.1<span class="ls0 ws0">. </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, US wholesaler credit ratings are monitored, and part of the trade receivables </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are sold on full non-recourse terms; see below for details. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk closely monitors the current economic conditions of countries impacted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by currency fluctuations, high inflation and an unstable political climate. These </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indicators, as well as payment history are taken into account in the valuation of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade receivables. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Trade receivable programmes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At year-end, the Group had derecognised receivables without recourse having </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">due dates after 31 December <span class="ls30 ws36">2024</span> amounting to:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:49.140625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 379.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,214</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,059</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,394</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 375.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Japan</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.117px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,834</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,050</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,273</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's subsidiaries in the US and Japan employ trade receivable programmes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in which trade receivables are sold on full non-recourse terms to optimise working </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:367.02734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 141.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 14.25px; font-family: ffca; -webkit-text-stroke: 0.21375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.4 Trade receivables</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 231.188px; top: 24.3555px; width: 28.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 369.984px; top: 24.3555px; width: 18.9668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 220.719px; top: 37.043px; width: 40.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 300.641px; top: 37.043px; width: 22.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Loss </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 349.703px; top: 37.043px; width: 40.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 49.7148px; width: 52.7285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 222.5px; top: 49.7148px; width: 36px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.781px; top: 49.7148px; width: 45.6504px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">allowance</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.938px; top: 49.7148px; width: 36px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 72.625px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 87.9648px; width: 383.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not yet due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.185px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">71,245</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,049)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70,196</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 107.09px; width: 383.602px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1-90 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 185.929px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,452</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(230)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,222</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 126.215px; width: 383.49px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">91-180 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 183.304px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">415</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(110)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">305</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 145.355px; width: 383.42px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">181-270 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">328</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(102)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">226</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 164.48px; width: 383.543px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271-360 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">341</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(341)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 183.605px; width: 383.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">More than 360 days past due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">295</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(295)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 204.23px; width: 383.83px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.24px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">74,076</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,127)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">71,949</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 221.871px; width: 22.2715px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 240.996px; width: 383.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not yet due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.185px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,327</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,095)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">63,232</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 260.121px; width: 383.602px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1-90 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 185.929px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,557</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(160)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,397</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 279.262px; width: 383.49px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">91-180 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 183.304px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">211</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(100)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 298.387px; width: 383.561px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">181-270 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">111</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(81)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 55.0545px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 317.512px; width: 383.291px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">271-360 days</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 183.304px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(90)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 336.637px; width: 383.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">More than 360 days past due</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">268</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(268)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 3.73438px; top: 357.277px; width: 383.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.24px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">66,564</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,794)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">64,770</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Allowance for doubtful trade receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:104.875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 252.363px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 386.619px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.9043px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,794</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,520</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 387.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversal of allowance on realised losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.898px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(70)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(39)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3867px; width: 387.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net movement recognised in income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.7168px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">445</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">413</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.5117px; width: 386.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.1px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(42)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(100)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.1367px; width: 302.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allowance at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.299px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 302.332px; top: 95.1367px; width: 25.043px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,127</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.375px; top: 95.1367px; width: 59.373px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffc9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.53711px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffca; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,794</span></span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Trade receivables are initially recognised at transaction price and subsequently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at amortised cost using the effective interest method, less allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for doubtful trade receivables. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Before being sold, trade receivables in factoring portfolios are measured at fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with changes recognised in other comprehensive income. The allowance for doubtful </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables is deducted from the carrying amount of trade receivables in sales and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">distribution costs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures allowance for doubtful trade receivables based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">simplified approach to provide for expected credit losses, which requires the use </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the lifetime expected loss provision for all trade receivables. The allowance is an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimate based on shared credit risk characteristics and the days past due. Generally, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices are due for payment within 90 days from shipment of goods. Loss allowance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is calculated using an ageing factor, geographical risk and specific customer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">knowledge. The allowance is based on a provision matrix on days past due and a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward looking element relating mainly to incorporation of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">S&amp;P Ratings country risk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ratings and an individual assessment. Refer to note <span class="_ _0"/><span class="ls30 ws36">4.4<span class="ls0 ws0"> for a general description of </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit risk.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.5 Provisions and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:228.59375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 435.5px; top: 0.0117187px; width: 41.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 499.297px; top: 0.0117187px; width: 41.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 566.672px; top: 0.0117187px; width: 41.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.328px; top: 12.6836px; width: 32.7598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 509.031px; top: 12.6836px; width: 32.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for legal</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 561.156px; top: 12.6836px; width: 43.5938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">for product</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 649.281px; top: 12.6836px; width: 22.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 720.766px; top: 13.3281px; width: 21.9023px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 789.047px; top: 12.6836px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.266px; top: 23.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffcb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 673.125px; top: 23.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffcb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.328px; top: 25.3711px; width: 27.6094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rebates</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.594px; top: 25.3711px; width: 31.8867px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">disputes</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 580.906px; top: 25.3711px; width: 27.0762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">returns</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 626.625px; top: 25.3711px; width: 40.6289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">provisions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 717.891px; top: 26.0156px; width: 19.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 787.828px; top: 25.3711px; width: 19.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 46.7305px; width: 771.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the beginning of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.967px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,878</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,786</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,532</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,931</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">107,127</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">74,877</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 68.1055px; width: 752.027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional provisions, including increases to existing provisions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">318,812</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">202</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,148</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">798</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">321,960</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">288,801</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.4805px; width: 767.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional provisions from acquisition of businesses (note </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.3</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">1,084</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,084</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.855px; width: 776.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amount used during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 307.143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(299,334)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(693)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(191)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(300,218)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 25.7461px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(251,246)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 132.23px; width: 736.641px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments regarding prior years, including unused amounts reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(6,452)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(31)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">80</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(320)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,723)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,023)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.59px; width: 774.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effect of exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 298.676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">222</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,854</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,282)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.965px; width: 766.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.285px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">118,516</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,179</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,094</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,295</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">129,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">084</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffcc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">107,127</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 97.6562px; top: 194.246px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffcb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 196.34px; width: 86.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 466.141px; top: 196.371px; width: 328.09px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">548</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,154</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">908</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,145</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,755</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,649</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 217.73px; width: 781.658px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 369.803px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">117,968</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,186</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">150</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">120,329</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffcb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">100,478</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Provisions for sales rebates are related to US Managed Care, Medicare, Medicaid, 340B Drug Pricing Program and o<span class="_ _0"/>ther types of US rebates, as well as rebates in a number of European countries and Canada. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.<span class="ls0 ws0"> Other provisions consist of various types of provisions, including contingent payments arising from bu<span class="_ _0"/>siness combinations and obligations in relation to employee benefits such as jubilee benefits. <span class="_ _d"/><span class="ls38 ws40">3. For non-</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current liabilities, provisions for sales rebates are expected to be settled after one year, provisions for product return<span class="_ _0"/>s will be utilised in 2025 and 2026. In the case of provisions for legal disputes, the timing of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement cannot be determined.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk is currently involved in pending litigations, claims and investigations </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising out of the normal conduct of its business. While provisions that Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deems to be reasonable and appropriate have been made for probable losses, there </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are inherent uncertainties connected with these estimates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Since January 2021, Novo Nordisk has made a number of changes to its policy in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the US related to facilitating delivery of its discounted medicines to commercial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pharmacies that contract with covered entities participating in the 340B Drug Pricing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Program. On 30 January 2023, the US Court of Appeals for the Third Circuit issued a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ruling holding that Novo Nordisk’s drug distribution policy was consistent with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">340B statute. On 21 May 2024, the US Court of Appeals for the DC Circuit issued a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ruling in a related case involving other pharmaceutical manufacturers that similarly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">held that their drug distribution policies were consistent with the 340B statute. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, an appeal in another related case is still pending before the US Court of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Appeals for the Seventh Circuit, and as such</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> these cases may be subject to further </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">discretionary appellate review before the US Supreme Court. Depending on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outcome of the pending Seventh Circuit ruling and any subsequent appeals in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these matters, there may be a material impact on Novo Nordisk’s financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">position, net sales, operating profit and cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pending litigation against Novo Nordisk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Mosaic Health Inc. and Central Virginia Health Services, Inc. (both 340B covered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entities) filed a putative class action lawsuit in Federal Court in New York against Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk, Eli Lilly and Company, Sanofi and AstraZeneca alleging a conspiracy among </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the manufacturers to artificially fix prices of diabetes medications through changes to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their policies relating to the distribution of 340B drugs. The lawsuit was subsequently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">dismissed by the Court on 2 September 2022. The plai<span class="_ _0"/>ntiffs appealed the dismissal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the complaint to the United States Court of Appeals for the Second Circuit. That appeal </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is currently pending. Novo Nordisk does not expect this matter to have a material </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact on Novo Nordisk’s financial position, operating profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk is currently defending numerous lawsuits, including putative class </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">actions, relating to the pricing of diabetes medicines in the US. The first lawsuit was </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">filed in 2017 and in August 2023 a multi-district litigation was created in the Un<span class="_ _0"/>ited </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">States District court for the District of New Jersey. Nearly all pending matters also </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">name Eli Lilly and Company and Sanofi as defendants, while certain matters also </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">name Pharmacy Benefit Managers (PBMs) and related entities. Plaintiffs generally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allege that the manufacturers and PBMs colluded to artificially inflate list prices paid </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by consumers for diabetes products, while offering reduced prices to PBMs through </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates used to secure formulary access. Novo Nordisk does not expect these matters </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to have a material impact on Novo Nordisk’s financial position, operating profit or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2016, Novo Nordisk received a Civil Investigative Demand ("CID") from the US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Department of Justice ("DOJ") relating to potential off-label marketing of NovoSeven</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(including high dose and for prophylactic use) and interactions with physicians and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">patients. The DOJ investigation was likely prompted by a lawsuit filed in 2015 by a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">former Novo Nordisk employee (the “Relator”), who alleged Novo Nordisk caused the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">submission of false claims to Medicare, Medicaid, Federal Employees Health Benefits </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Program and private insurers in California. In September 2022, DOJ ceased its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investigation and declined to intervene in the lawsuit. The Relator and the Washington </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">State Attorney General have proceeded with the lawsuit, which was transferred to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United States District Court for the Western District of Washington in May 2023. Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk does not expect this matter to have a material impact on Novo Nordisk’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial position, operating profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk, along with Eli Lilly, are defendants in numerous product liability </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lawsuits (mainly in in the US) related to the use of GLP-1-based medicines. Plaintiffs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">have alleged that the use of these treatments, including Victoza</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">, Ozempic</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">®</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wegovy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> and Rybelsus</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">, have caused various gastrointestinal and other injuries. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The US lawsuits have been consolidated in a multi-district litigation in the United </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">States District Court for the Eastern District of Pennsylvania. Novo Nordisk does not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expect these matters to have a material impact on Novo Nordisk’s financial position, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">operating profit or cash flow. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 13 September 2024, <span class="ls0 ws0">five former employees filed a putative class action against </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Inc. ("NNI"), the NNI Board of Directors, and the NNI Retirement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Committee alleging claims for breach of fiduciary duty in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">management of the NNI Retirement Plan. The complaint alleges that, from September </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2018 to the present, certain conduct violated the Employee Retirement Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Security Act of 1974. Novo Nordisk does not expect this matter to have a material </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact on Novo Nordisk’s financial position, operating profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 24 January 2025, a class-action lawsuit was filed against Novo Nordisk A/S, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Chief Executive Officer Lars Fruergaard Jorgensen and Executive Vice President, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development Martin Holst Lange in the United States District Court for the District </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of New Jersey by a proposed class of purchasers of Novo Nordisk American Depository</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Receipts (ADRs) between 2 November 2022 and 19 December 2024. The lawsuit relates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to REDEFINE-1 and alleges that the company failed to disclose or otherwise misled </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investors as to the nature of the dosages provided to patients in the study and that the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company misleadingly exhibited confidence in its expected 25% average weight loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outcome. Novo Nordisk does not expect the litigation to have a material impact on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk’s financial position, operating profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other provisions and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In February 2023, a class action lawsuit was filed by the City of Warwick Retirement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">System (“City of Warwick”) against Catalent, Inc. (“Catalent”) and co-defendants in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United States District Court for the District of New Jersey. The lawsuit alleges that the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">defendants artificially inflated Catalent’s revenue and made misleading statements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and omissions concerning Catalent’s quality control issues; compliance with the US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generally Accepted Accounting Principles; and the general demand for non-vaccine </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products. In December 2024, Novo Nordisk acquired three Catal<span class="_ _0"/>ent fill-finish sites </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Novo Holding A/S, including a portion of any potential financial liability </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">associated with the City of Warwick lawsuit. Novo Nordisk does not expect these </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">matters to have a material impact on Novo Nordisk’s financial position, operating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition to the above, Novo Nordisk is engaged in certain litigation proceedings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and various ongoing audits and investigations. In the opinion of Management, neither</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement nor continuation of such proceedings, nor such pending audits and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investigations, are expected to have a material effect on Novo Nordisk’s financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">position, operating profit or cash flow.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES REGARDING ONGOING LEGAL DISPUTES, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">LITIGATION AND INVESTIGATIONS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes consist of various types of provisions linked to ongoing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legal disputes. Management makes estimates regarding provisions and contingencies,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including the probability of pending and potential future litigation outcomes. These </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are by nature dependent on inherently uncertain future events. When determining </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">likely outcomes of litigation, etc., Management considers the input of external counsel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on each case, as well as known outcomes in case law. Although Management believes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the total provisions for legal proceedings are adequate based on currently </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">available information, there can be no assurance that there will not be any changes in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">facts or matters, or that any future lawsuits, claims, proceedings or investigations will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not be material.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates and discounts granted to government agencies, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesalers, retail pharmacies, Managed Care and other customers are recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time the related revenues are recorded or when the incentives are offered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated based on Management's interpretation of applicable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">laws and regulations, historical experience and the specific terms in the individual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreements. Unsettled rebates are recognised as provisions when the timing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or amount is uncertain. Where absolute amounts are known, the rebates are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as other liabilities. Refer to note 2.1 for further information on sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and provisions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes are recognised where a legal or constructive obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been incurred as a result of past events and it is probable that there will be an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outflow of resources that can be reliably estimated. In this case, Novo Nordisk arrives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at an estimate based on an evaluation of the most likely outcome. Disputes for which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no reliable estimate can be made are disclosed as contingent liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are measured at the present value of the anticipated expenditure for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement. This is calculated using a pre-tax discount rate that reflects current market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessments of the time value of money and the risks specific to the obligation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk issues credit notes for expired goods as a part of normal business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where there is historical experience or a reasonably accurate estimate of expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future returns can otherwise be made, a provision for estimated product returns is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recorded. The provision is measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net<span class="ls0 ws0"> sales value.</span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 24 January 2025, a class-action lawsuit was filed against Novo Nordisk A/S, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Chief Executive Officer Lars Fruergaard Jorgensen and Executive Vice President, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development Martin Holst Lange in the United States District Court for the District </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of New Jersey by a proposed class of purchasers of Novo Nordisk American Depository</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Receipts (ADRs) between 2 November 2022 and 19 December 2024. The lawsuit relates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to REDEFINE-1 and alleges that the company failed to disclose or otherwise misled </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investors as to the nature of the dosages provided to patients in the study and that the</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company misleadingly exhibited confidence in its expected 25% average weight loss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outcome. Novo Nordisk does not expect the litigation to have a material impact on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk’s financial position, operating profit or cash flow.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates and discounts granted to government agencies, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesalers, retail pharmacies, Managed Care and other customers are recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time the related revenues are recorded or when the incentives are offered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated based on Management's interpretation of applicable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">laws and regulations, historical experience and the specific terms in the individual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreements. Unsettled rebates are recognised as provisions when the timing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or amount is uncertain. Where absolute amounts are known, the rebates are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as other liabilities. Refer to note 2.1 for further information on sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and provisions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes are recognised where a legal or constructive obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been incurred as a result of past events and it is probable that there will be an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outflow of resources that can be reliably estimated. In this case, Novo Nordisk arrives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at an estimate based on an evaluation of the most likely outcome. Disputes for which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no reliable estimate can be made are disclosed as contingent liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are measured at the present value of the anticipated expenditure for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement. This is calculated using a pre-tax discount rate that reflects current market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessments of the time value of money and the risks specific to the obligation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk issues credit notes for expired goods as a part of normal business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where there is historical experience or a reasonably accurate estimate of expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future returns can otherwise be made, a provision for estimated product returns is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recorded. The provision is measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net<span class="ls0 ws0"> sales value.</span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for sales rebates and discounts granted to government agencies, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wholesalers, retail pharmacies, Managed Care and other customers are recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the time the related revenues are recorded or when the incentives are offered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are calculated based on Management's interpretation of applicable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">laws and regulations, historical experience and the specific terms in the individual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreements. Unsettled rebates are recognised as provisions when the timing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or amount is uncertain. Where absolute amounts are known, the rebates are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as other liabilities. Refer to note 2.1 for further information on sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rebates and provisions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions for legal disputes are recognised where a legal or constructive obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been incurred as a result of past events and it is probable that there will be an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outflow of resources that can be reliably estimated. In this case, Novo Nordisk arrives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at an estimate based on an evaluation of the most likely outcome. Disputes for which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no reliable estimate can be made are disclosed as contingent liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions are measured at the present value of the anticipated expenditure for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settlement. This is calculated using a pre-tax discount rate that reflects current market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessments of the time value of money and the risks specific to the obligation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk issues credit notes for expired goods as a part of normal business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Where there is historical experience or a reasonably accurate estimate of expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future returns can otherwise be made, a provision for estimated product returns is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recorded. The provision is measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net<span class="ls0 ws0"> sales value.</span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.1 Earnings per share</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:193.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 250.875px; top: 0.0117187px; width: 128.76px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 21.3867px; width: 153.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.832px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 153.012px; top: 21.3867px; width: 73.2949px; white-space: pre; word-spacing: 0.4875px; letter-spacing: -0.4875px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK </span><span style="word-spacing: 0.4875px; letter-spacing: -0.4875px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">million</span><span style="word-spacing: 0.4875px; letter-spacing: -0.4875px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 226.307px; top: 21.3867px; width: 138.943px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">100,988</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">83,683</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">55,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">525</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.5742px; width: 104.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 168.422px; top: 43.5898px; width: 40.541px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in million </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 54.8281px; top: 54.1367px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.2617px; width: 45.3926px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">outstanding</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 180.312px; top: 56.2617px; width: 190.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,453.9</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,482.8</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,530.6</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.4648px; width: 108.111px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dilutive effect of restricted </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 168.422px; top: 78.4648px; width: 40.541px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in million </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 91.1367px; width: 41.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">stock units</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 180.312px; top: 91.1367px; width: 195.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9.1</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12.0</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14.0</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.168px; width: 104.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.84px; width: 89.4375px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">outstanding, including </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 168.422px; top: 126.84px; width: 40.541px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in million </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.512px; width: 54.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">dilutive effect</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 180.312px; top: 139.512px; width: 190.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,463.0</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.291px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,494.8</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,544.6</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 160.887px; width: 95.0273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Basic earnings per share</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 95.0273px; top: 160.887px; width: 130.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.4199px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 225.469px; top: 160.887px; width: 130.863px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22.</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">67</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18.67</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12.26</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.262px; width: 102.609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diluted earnings per share</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 102.609px; top: 182.262px; width: 120.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 222.709px; top: 182.262px; width: 130.705px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22.63</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18.62</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12.22</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Excluding treasury shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The trading unit of the Novo Nordisk B shares listed on NASDAQ Copenhagen was </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changed from DKK 0.20 to DKK 0.10 as of 13 September 2023. The ADRs listed on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the New York Stock Exchange (NYSE) were similarly split as of 20 September 2023. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Comparative figures have been restated to reflect the change in trading unit from <span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0.20 to DKK 0.10.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Earnings per share is presented as both basic and diluted earnings per share. Basic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">earnings per share is calculated as net profit divided by the monthly average number </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of shares outstanding. Diluted earnings per share is calculated as net profit divided by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the sum of monthly average number of shares outstanding, including the dilutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effect of the outstanding share pool. Refer to 'Financial d<span class="_ _0"/>efinitions and ratios' for a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">description of calculation of the dilutive effect.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Earnings per share is presented as both basic and diluted earnings per share. Basic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">earnings per share is calculated as net profit divided by the monthly average number </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of shares outstanding. Diluted earnings per share is calculated as net profit divided by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the sum of monthly average number of shares outstanding, including the dilutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">effect of the outstanding share pool. Refer to 'Financial d<span class="_ _0"/>efinitions and ratios' for a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">description of calculation of the dilutive effect.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 Distribution to shareholders</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:105.390625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 370.518px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 174.996px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.9961px; width: 350.221px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interim dividend for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.3574px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,583</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,430</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,613</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 37.1367px; width: 356.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dividend for prior year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,557</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,337</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,690</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.2617px; width: 351.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dividend payout in the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">44,140</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,767</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,303</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.3867px; width: 345.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share repurchases for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.9415px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,181</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">29,924</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">24,086</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 94.5273px; width: 188.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total distribution for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.0392px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 188.707px; top: 94.5273px; width: 149.666px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,321</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">61,691</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">49,389</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's dividend pay-outs in the year was complemented by share repurchase </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes. Novo Nordisk's guiding principle is that any excess capital after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">funding of organic growth opportunities and potential acquisitions should be returned</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to investors. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No dividend is declared on treasury shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:68.265625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 370.518px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 174.996px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 75.1406px; top: 17.0273px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 65.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interim dividend</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 218.656px; top: 19.1367px; width: 150.234px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,583</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,430</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,613</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 63px; top: 36.1523px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 56.4785px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Final dividend</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 218.656px; top: 38.2617px; width: 149.666px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">35,100</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,557</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,337</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 205.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total dividend</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 149.514px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 205.969px; top: 57.4023px; width: 149.666px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">50,683</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41,987</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,950</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:82.5625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 220.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.953px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 220.975px; top: 0.0117187px; width: 144.387px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.6054px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 75.1406px; top: 17.0117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 65.1094px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interim dividend</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 229.141px; top: 19.1367px; width: 142.74px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.50</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.00</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2.12</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 63px; top: 36.1367px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 56.4785px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Final dividend</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 229.141px; top: 38.2617px; width: 142.74px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7.90</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6.40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.08</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 211.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total dividend</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.209px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.664px; top: 57.3867px; width: 147.24px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">11.40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9.40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6.20</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 73.1992px; width: 326.186px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffd1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Interim dividend was declared and paid in August </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffd1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span style="display: inline-block;">. 2. Final divi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 8.25px; font-family: ffd1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">dend for </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffd1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span style="display: inline-block;"> is expected </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to be distributed pending approval at the Annual General Meeting in March 2025. Final dividen<span class="_ _0"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for <span class="ls38 ws40">2023</span> was declared and paid in March <span class="ls38 ws40">2024</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Specification of Other reserves</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:246.12890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 158.531px; top: 0.0117187px; width: 40.7988px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 184px; top: 12.6836px; width: 17.0508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 219.734px; top: 12.6836px; width: 42.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash flow </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 293.625px; top: 12.6836px; width: 33.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 260.953px; top: 23.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd4; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 145.875px; top: 25.3711px; width: 46.4766px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">adjustments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 227.078px; top: 25.3711px; width: 27.0176px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">hedges</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.234px; top: 25.3711px; width: 99.3164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">other items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.7305px; width: 40.6289px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 47.5625px; top: 55.7461px; width: 56.1621px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 January </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 103.725px; top: 55.7461px; width: 267.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7892px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(904)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,740)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">930</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,714)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 73.4336px; width: 81.2168px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.1055px; width: 369.117px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income, net</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,766</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(892)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,163</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 105.246px; width: 40.6289px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 47.5625px; top: 105.246px; width: 318.428px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2022</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 47.748px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,385</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">38</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,449</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.934px; width: 113.086px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">income, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.605px; width: 376.377px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">net</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 157.225px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,404)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">586</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(355)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,173)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 154.746px; width: 40.6289px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 47.5625px; top: 154.746px; width: 318.756px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2023</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 55.0545px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(19)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(317)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,276</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.434px; width: 81.2168px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 185.105px; width: 368.695px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income, net</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,096</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,221)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,343</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,782)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 202.809px; width: 53.9297px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transferred to </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 73.4375px; top: 213.371px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd4; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 215.48px; width: 60.2754px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 193.641px; top: 215.496px; width: 40.9512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 234.592px; top: 215.496px; width: 148.553px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,154)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(900)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 235.266px; width: 40.7168px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 51.7031px; top: 235.266px; width: 112.23px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 163.934px; top: 235.266px; width: 197.877px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,077</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,763)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,280</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,406)</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Refer to note 4.5 for information on cash flow hedges. 2. A gain from cash flow hedges related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of businesses of DKK <span class="ls38 ws40">1,154</span> million is transferred directly from the ca<span class="_ _0"/>sh flow hedge </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reserve on an after-tax basis to the initial cost of net assets acquired leading to a net hedging effect<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of DKK <span class="ls38 ws40">900</span> million. Refer to note 5.3 for information of acquisition of businesses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">According to Danish corporate law, reserves available for distribution as dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are based on the financial state</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments of the parent company, Novo Nordisk A/S. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends are declared and paid from distributable reserves. As of 31 December </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024<span class="ls0 ws0">, distributable reserves total </span>DKK 121,931 million<span class="ls0 ws0"> (</span>DKK 78,779 million in 2023<span class="ls0 ws0">), </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">corresponding to the parent company's retained earnings and Reserve for cash flow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedges and exchange rate adjustments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Material transactions with related parties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:278.65625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 76.9336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Novo Holdings A/S</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 357.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase of Novo Nordisk B shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.3574px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,164</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,775</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,984</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 366.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Acquisition of fill-finish sites (note 5.3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,146</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 356.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dividend payment to Novo Holdings A/S</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,502</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,028</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,207</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.668px; width: 366.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Novo Nordisk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(33)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(17)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.406px; width: 68.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Novonesis Group</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.887px; width: 366.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Novo Nordisk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(48)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(48)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(78)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.012px; width: 363.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Novonesis</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">117</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">112</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">92</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.797px; width: 79.0605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Altasciences Group </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 191.277px; width: 363.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Altasciences</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5469px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">146</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">229</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.047px; width: 156.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other subsidiaries of Novo Holding A/S</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.543px; width: 367.477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided to Novo Nordisk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.9571px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">93</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.312px; width: 50.4609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">NNIT Group</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.793px; width: 228.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by NNIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.615px; top: 267.793px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">257</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 243.217px; top: 267.793px; width: 50.8652px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.082px; top: 267.793px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">436</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.684px; top: 267.793px; width: 46.3477px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 355.031px; top: 267.793px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">660</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.3 Share capital, Treasury shares and Other reserves</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development in number of shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:253.359375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.641px; top: 0px; width: 22.3359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.078px; top: 0px; width: 17.877px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Out-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 12.0273px; width: 71.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 157.5px; top: 12.043px; width: 11.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.594px; top: 12.043px; width: 11.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">B </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 235.141px; top: 12.6719px; width: 26.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">issued </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 285.344px; top: 12.0273px; width: 36.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Treasury </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 340.547px; top: 12.6719px; width: 35.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">standing </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 24.7148px; width: 34.5762px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(million)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 133.891px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 179.219px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.391px; top: 25.3594px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 295.312px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 351.25px; top: 25.3594px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.8398px; width: 354.176px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares beginning of 2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,485</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">560</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(60)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,500</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.9648px; width: 365.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares cancelled in 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(50)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(50)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.668px; width: 102.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Released allocated shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.3398px; width: 372.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.465px; width: 364.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares purchased in 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(51)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(51)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 130.152px; width: 88.2656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 142.84px; width: 366.674px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of 2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,435</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,510</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,458</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.965px; width: 365.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares cancelled in 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">45</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 179.652px; width: 102.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Released allocated shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.34px; width: 372.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.465px; width: 364.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares purchased in 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(25)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(25)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.797px; width: 88.2656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 242.484px; width: 365.016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,390</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,465</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,441</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The A <span class="_ _0"/>share capital and <span class="_ _0"/>number of <span class="_ _0"/>A shares <span class="_ _0"/>of DKK <span class="_ _0"/><span class="ls44 ws4d">0.10 was unchanged <span class="_ _0"/>in 2024<span class="lsf ws3f">, <span class="_ _0"/><span class="ls44 ws4d">2023 and <span class="_ _0"/></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2022<span class="lsf ws0">. In </span>2024<span class="lsf ws3f">, the <span class="_ _0"/>B share capital <span class="_ _0"/>decreased by <span class="_ _0"/>DKK <span class="ls44 ws4d">4.5</span> <span class="_ _0"/>million (equal <span class="_ _0"/>to cancellation <span class="_ _0"/>of <span class="ls44 ws4d">45 <span class="_ _0"/></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million<span class="lsf ws3f"> shares <span class="_ _0"/>of DKK <span class="ls44 ws4d">0.10</span>). <span class="_ _0"/>The corresponding <span class="_ _0"/>decrease in <span class="_ _0"/><span class="ls44 ws4d">2023<span class="lsf ws3f"> was <span class="_ _0"/>DKK <span class="ls44 ws4d">5 <span class="_ _0"/>million<span class="lsf ws3f"> (equal <span class="_ _0"/></span></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cancellation <span class="_ _0"/>of <span class="ls44 ws4d">50 <span class="_ _0"/>million<span class="lsf ws3f"> shares of <span class="_ _0"/>DKK <span class="ls44 ws4d">0.10</span>) <span class="_ _0"/>and decrease <span class="_ _0"/>in <span class="ls44 ws4d">2022</span> <span class="_ _0"/>of DKK <span class="ls44 ws4d">6 <span class="_ _0"/>million<span class="lsf ws3f"> <span class="_ _0"/></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(equal to <span class="_ _0"/>cancellation of <span class="_ _0"/><span class="ls44 ws4d">60 million<span class="lsf ws3f"> shares <span class="_ _0"/>of DKK <span class="_ _0"/><span class="ls44 ws4d">0.10<span class="lsf ws3f">). <span class="_ _0"/></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Each A share of DKK 0.10 per share carries <span class="ls30 ws36">100</span> votes and each B share of <span class="_ _0"/>DKK 0.10 per </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share carries <span class="ls30 ws36">10</span> votes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At the end of <span class="ls30 ws36">2024</span>, the holding of treasury shares amounted to <span class="_ _0"/><span class="ls30 ws36">0.5%<span class="ls0 ws0"> of the total </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outstanding shares (<span class="ls30 ws36">1.1%</span> of the outstanding shares in <span class="ls30 ws36">2023</span>). Treasu<span class="_ _0"/>ry shares are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily acquired to reduce the company's share capital. In addition, a limited part is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used to finance Novo Nordisk's long-term share-based incentive programme and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restricted stock units to employees. Treasury shares are deducted from the share </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital on cancellation at their nominal value of DKK 0.1<span class="_ _0"/>0 per share. Differences </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">between this amount and the amount paid to acquire or received for disposing of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treasury shares are deducted directly in retained earnings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase of treasury shares during the year re</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lates to the remaining part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0"> share repurchase programme, totalling </span>DKK 1.6 billion<span class="ls0 ws0">, and the </span>DKK 20 billion<span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk B share repurchase programme for <span class="ls30 ws36">2024</span>, of which <span class="ls30 ws36">DKK 1.4 billion</span> was </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">outstanding at year-end. The programme ended on 3<span class="_ _0"/> February 2025.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Specification of Other reserves</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:246.12890625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 158.531px; top: 0.0117187px; width: 40.7988px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 184px; top: 12.6836px; width: 17.0508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 219.734px; top: 12.6836px; width: 42.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash flow </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 293.625px; top: 12.6836px; width: 33.4336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 260.953px; top: 23.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd4; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 145.875px; top: 25.3711px; width: 46.4766px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">adjustments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 227.078px; top: 25.3711px; width: 27.0176px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">hedges</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.234px; top: 25.3711px; width: 99.3164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">other items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.7305px; width: 40.6289px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 47.5625px; top: 55.7461px; width: 56.1621px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 January </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 103.725px; top: 55.7461px; width: 267.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7892px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(904)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.6973px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,740)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">930</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,714)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 73.4336px; width: 81.2168px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.1055px; width: 369.117px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income, net</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,766</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(892)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,163</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 105.246px; width: 40.6289px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 47.5625px; top: 105.246px; width: 318.428px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2022</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 47.748px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,385</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">38</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,449</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.934px; width: 113.086px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">income, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.605px; width: 376.377px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">net</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 157.225px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,404)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">586</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(355)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.3867px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,173)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 154.746px; width: 40.6289px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 47.5625px; top: 154.746px; width: 318.756px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2023</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 55.0545px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(19)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(317)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,276</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.434px; width: 81.2168px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 185.105px; width: 368.695px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income, net</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,096</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,221)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,343</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,782)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 202.809px; width: 53.9297px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Transferred to </span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 73.4375px; top: 213.371px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd4; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 215.48px; width: 60.2754px; white-space: pre; word-spacing: 0.24375px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 193.641px; top: 215.496px; width: 40.9512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 234.592px; top: 215.496px; width: 148.553px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,154)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(900)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 235.266px; width: 40.7168px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reserve at </span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 51.7031px; top: 235.266px; width: 112.23px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 163.934px; top: 235.266px; width: 197.877px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,077</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,763)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,280</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,406)</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Refer to note 4.5 for information on cash flow hedges. 2. A gain from cash flow hedges related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of businesses of DKK <span class="ls38 ws40">1,154</span> million is transferred directly from the ca<span class="_ _0"/>sh flow hedge </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reserve on an after-tax basis to the initial cost of net assets acquired leading to a net hedging effect<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of DKK <span class="ls38 ws40">900</span> million. Refer to note 5.3 for information of acquisition of businesses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">According to Danish corporate law, reserves available for distribution as dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are based on the financial state</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments of the parent company, Novo Nordisk A/S. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends are declared and paid from distributable reserves. As of 31 December </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024<span class="ls0 ws0">, distributable reserves total </span>DKK 121,931 million<span class="ls0 ws0"> (</span>DKK 78,779 million in 2023<span class="ls0 ws0">), </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">corresponding to the parent company's retained earnings and Reserve for cash flow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedges and exchange rate adjustments.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development in number of shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:253.359375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.641px; top: 0px; width: 22.3359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.078px; top: 0px; width: 17.877px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Out-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 12.0273px; width: 71.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 157.5px; top: 12.043px; width: 11.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.594px; top: 12.043px; width: 11.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">B </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 235.141px; top: 12.6719px; width: 26.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">issued </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 285.344px; top: 12.0273px; width: 36.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Treasury </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 340.547px; top: 12.6719px; width: 35.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">standing </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 24.7148px; width: 34.5762px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(million)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 133.891px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 179.219px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.391px; top: 25.3594px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 295.312px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 351.25px; top: 25.3594px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.8398px; width: 354.176px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares beginning of 2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,485</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">560</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(60)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,500</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.9648px; width: 365.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares cancelled in 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(50)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(50)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.668px; width: 102.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Released allocated shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.3398px; width: 372.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.465px; width: 364.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares purchased in 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(51)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(51)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 130.152px; width: 88.2656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 142.84px; width: 366.674px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of 2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,435</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,510</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,458</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.965px; width: 365.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares cancelled in 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">45</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 179.652px; width: 102.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Released allocated shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.34px; width: 372.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.465px; width: 364.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares purchased in 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(25)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(25)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.797px; width: 88.2656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 242.484px; width: 365.016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,390</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,465</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,441</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The A <span class="_ _0"/>share capital and <span class="_ _0"/>number of <span class="_ _0"/>A shares <span class="_ _0"/>of DKK <span class="_ _0"/><span class="ls44 ws4d">0.10 was unchanged <span class="_ _0"/>in 2024<span class="lsf ws3f">, <span class="_ _0"/><span class="ls44 ws4d">2023 and <span class="_ _0"/></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2022<span class="lsf ws0">. In </span>2024<span class="lsf ws3f">, the <span class="_ _0"/>B share capital <span class="_ _0"/>decreased by <span class="_ _0"/>DKK <span class="ls44 ws4d">4.5</span> <span class="_ _0"/>million (equal <span class="_ _0"/>to cancellation <span class="_ _0"/>of <span class="ls44 ws4d">45 <span class="_ _0"/></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million<span class="lsf ws3f"> shares <span class="_ _0"/>of DKK <span class="ls44 ws4d">0.10</span>). <span class="_ _0"/>The corresponding <span class="_ _0"/>decrease in <span class="_ _0"/><span class="ls44 ws4d">2023<span class="lsf ws3f"> was <span class="_ _0"/>DKK <span class="ls44 ws4d">5 <span class="_ _0"/>million<span class="lsf ws3f"> (equal <span class="_ _0"/></span></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cancellation <span class="_ _0"/>of <span class="ls44 ws4d">50 <span class="_ _0"/>million<span class="lsf ws3f"> shares of <span class="_ _0"/>DKK <span class="ls44 ws4d">0.10</span>) <span class="_ _0"/>and decrease <span class="_ _0"/>in <span class="ls44 ws4d">2022</span> <span class="_ _0"/>of DKK <span class="ls44 ws4d">6 <span class="_ _0"/>million<span class="lsf ws3f"> <span class="_ _0"/></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(equal to <span class="_ _0"/>cancellation of <span class="_ _0"/><span class="ls44 ws4d">60 million<span class="lsf ws3f"> shares <span class="_ _0"/>of DKK <span class="_ _0"/><span class="ls44 ws4d">0.10<span class="lsf ws3f">). <span class="_ _0"/></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Each A share of DKK 0.10 per share carries <span class="ls30 ws36">100</span> votes and each B share of <span class="_ _0"/>DKK 0.10 per </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share carries <span class="ls30 ws36">10</span> votes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At the end of <span class="ls30 ws36">2024</span>, the holding of treasury shares amounted to <span class="_ _0"/><span class="ls30 ws36">0.5%<span class="ls0 ws0"> of the total </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outstanding shares (<span class="ls30 ws36">1.1%</span> of the outstanding shares in <span class="ls30 ws36">2023</span>). Treasu<span class="_ _0"/>ry shares are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily acquired to reduce the company's share capital. In addition, a limited part is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used to finance Novo Nordisk's long-term share-based incentive programme and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restricted stock units to employees. Treasury shares are deducted from the share </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital on cancellation at their nominal value of DKK 0.1<span class="_ _0"/>0 per share. Differences </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">between this amount and the amount paid to acquire or received for disposing of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treasury shares are deducted directly in retained earnings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase of treasury shares during the year re</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lates to the remaining part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="ls0 ws0"> share repurchase programme, totalling </span>DKK 1.6 billion<span class="ls0 ws0">, and the </span>DKK 20 billion<span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk B share repurchase programme for <span class="ls30 ws36">2024</span>, of which <span class="ls30 ws36">DKK 1.4 billion</span> was </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outstanding at year-end. The programme ended on 3<span class="_ _0"/> February 2025.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development in number of shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:253.359375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.641px; top: 0px; width: 22.3359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 362.078px; top: 0px; width: 17.877px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Out-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 12.0273px; width: 71.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 157.5px; top: 12.043px; width: 11.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.594px; top: 12.043px; width: 11.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">B </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 235.141px; top: 12.6719px; width: 26.8125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">issued </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 285.344px; top: 12.0273px; width: 36.7441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Treasury </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 340.547px; top: 12.6719px; width: 35.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">standing </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 24.7148px; width: 34.5762px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(million)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 133.891px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 179.219px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.391px; top: 25.3594px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 295.312px; top: 24.7148px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 351.25px; top: 25.3594px; width: 24.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 43.8398px; width: 354.176px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares beginning of 2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,485</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">560</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(60)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,500</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.9648px; width: 365.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares cancelled in 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(50)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(50)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.668px; width: 102.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Released allocated shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.3398px; width: 372.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.465px; width: 364.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares purchased in 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(51)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(51)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 130.152px; width: 88.2656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 142.84px; width: 366.674px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of 2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,435</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,510</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(52)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,458</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.965px; width: 365.127px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares cancelled in 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 39.1815px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(45)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">45</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 179.652px; width: 102.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Released allocated shares </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.34px; width: 372.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.877px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.465px; width: 364.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Shares purchased in 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(25)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(25)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.797px; width: 88.2656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 242.484px; width: 365.016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,075</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,390</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,465</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffd2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,441</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The A <span class="_ _0"/>share capital and <span class="_ _0"/>number of <span class="_ _0"/>A shares <span class="_ _0"/>of DKK <span class="_ _0"/><span class="ls44 ws4d">0.10 was unchanged <span class="_ _0"/>in 2024<span class="lsf ws3f">, <span class="_ _0"/><span class="ls44 ws4d">2023 and <span class="_ _0"/></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2022<span class="lsf ws0">. In </span>2024<span class="lsf ws3f">, the <span class="_ _0"/>B share capital <span class="_ _0"/>decreased by <span class="_ _0"/>DKK <span class="ls44 ws4d">4.5</span> <span class="_ _0"/>million (equal <span class="_ _0"/>to cancellation <span class="_ _0"/>of <span class="ls44 ws4d">45 <span class="_ _0"/></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million<span class="lsf ws3f"> shares <span class="_ _0"/>of DKK <span class="ls44 ws4d">0.10</span>). <span class="_ _0"/>The corresponding <span class="_ _0"/>decrease in <span class="_ _0"/><span class="ls44 ws4d">2023<span class="lsf ws3f"> was <span class="_ _0"/>DKK <span class="ls44 ws4d">5 <span class="_ _0"/>million<span class="lsf ws3f"> (equal <span class="_ _0"/></span></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cancellation <span class="_ _0"/>of <span class="ls44 ws4d">50 <span class="_ _0"/>million<span class="lsf ws3f"> shares of <span class="_ _0"/>DKK <span class="ls44 ws4d">0.10</span>) <span class="_ _0"/>and decrease <span class="_ _0"/>in <span class="ls44 ws4d">2022</span> <span class="_ _0"/>of DKK <span class="ls44 ws4d">6 <span class="_ _0"/>million<span class="lsf ws3f"> <span class="_ _0"/></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(equal to <span class="_ _0"/>cancellation of <span class="_ _0"/><span class="ls44 ws4d">60 million<span class="lsf ws3f"> shares <span class="_ _0"/>of DKK <span class="_ _0"/><span class="ls44 ws4d">0.10<span class="lsf ws3f">). <span class="_ _0"/></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Each A share of DKK 0.10 per share carries <span class="ls30 ws36">100</span> votes and each B share of <span class="_ _0"/>DKK 0.10 per </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share carries <span class="ls30 ws36">10</span> votes.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 Financial risks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has assessed the following key financial risks:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:86.76171875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 247.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Type</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 174.996px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Financial risk</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.4961px; width: 203.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">High</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 37.6211px; width: 210.311px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Credit risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Low</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.7461px; width: 203.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest rate risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.045px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Low</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.8867px; width: 211.254px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Liquidity risk</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 140.145px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Low</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk has centralised management of the Group's financial risks. The overall </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">objectives and policies for the company's financial risk management are outlined in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the internal Treasury Policy, which is approved by the Board of Directors. The Treasury </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Policy consists of the Foreign Exchange Policy, the Investment Policy, the Financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Policy and the Policy regarding Credit Risk on Financial Counterparts, and includes a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">description of permitted use of financial instruments and risk limits.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk only hedges commercial exposures and consequently does not enter </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">into derivative transactions for trading or speculative purposes. Novo Nordisk uses a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fully integrated treasury management system to manage all financial positions, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">all positions are marked-to-market. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign exchange risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign exchange risk is the most important financial risk for Novo Nordisk and can </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">have a significant impact on the income statement, statement of comprehensive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income, balance sheet and cash flow statement. The majority of Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange exposures are in USD, EUR, CNY, CAD, JPY and BRL. The foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exchange risk is most significant in USD. The exchange rate risk exposure in EUR is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regarded as low because of Denmark's fixed exchange rate policy towards EUR. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overall objective of foreign exchange risk management is to reduce the short-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">negative impact of exchange rate fluctuations on earnings and cash flow, thereby </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contributing to the predictability of the financial results. In selected currencies, Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk hedges assets and liabilities as well as future expected cash flows up to a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">maximum of 24 months<span class="ls0 ws0">, including selected business development activities </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(acquisition of businesses). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hedge accounting is applied to match the impact of the hedged item and the hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument in the consolidated income statement. The currency hedging strategy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balances risk reduction and cost of hedging by use of foreign exchange forwards and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange options matching the due dates of the hedged items. Expected cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">flows are continually assessed using historical inflows, budgets and monthly sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">forecasts. Hedge effectiveness is assessed on a regular basis.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exchange rates applied for selected currencies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.281px; top: 0.0117187px; width: 246.34px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">USD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CNY</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CAD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">JPY</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">BRL</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 181.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average exchange rate applied (DKK per 100)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 373.102px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">503</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.56</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">129</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 372.738px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">97</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">511</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.91</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 372.199px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">708</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">105</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">543</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">137</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.2969px; width: 184.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Year-end exchange rate applied (DKK per 100)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 372.738px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">714</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">98</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">496</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.53</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">115</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 373.102px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">95</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.77</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">139</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 372.199px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">697</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">101</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">515</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">132</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sensitivity of an immediate 5% decrease in currency rates on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">31 December vs DKK</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7969px; width: 106.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sensitivity of all currencies</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 369.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.272px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(323)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(117)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 360.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,012</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,058</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 376.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,941</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.3125px; width: 102.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof sensitivity of USD</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 369.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">148</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 360.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,178</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,082</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.059px; width: 376.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,152</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. An immediate <span class="ls38 ws40">5%</span> increase would have the opposite impact of the above. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The foreign exchange sensitivity analysis comprises effects from the Group's financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments, including cash, trade receivables and trade payables, current loans, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current and non-current financial investments, lease liabilities and foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forwards. Anticipated currency transactions, investments in foreign subsidiaries and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">non-current assets are not included. The main impact is driven by forward contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used for hedging activities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial contracts coverage at year end</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:51.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 217.594px; top: 0.0117187px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd6; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 2.13672px; width: 212.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Months</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.66px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">USD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CNY</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 255.844px; top: 2.13672px; width: 61.5469px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">CAD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 317.391px; top: 2.13672px; width: 16.2598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">JPY</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 333.65px; top: 2.13672px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 21.2617px; width: 377.297px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 131.953px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 40.3867px; width: 377.297px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 131.953px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. Chinese yuan traded offshore (CNH) is used to hedge Novo Nordisk's CNY currency exposure.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table above shows hedge coverage horizon existing at year-end to cover the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected future cash flow for the disclosed number of months. The hedging of CAD </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been phased out during <span class="ls30 ws36">2024</span>. Average hedge rate for USD cash flow hedges is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">676<span class="ls0 ws0"> at the end of </span>2024<span class="ls0 ws0"> (</span>676<span class="ls0 ws0"> at the end of </span>2023<span class="ls0 ws0">).</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk arises from the possibility that transactional counterparties may default </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on their obligations </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">towards the Group. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit exposure for cash at bank, marketable securities and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivative financial instruments (fair value)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:326.53125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 278.859px; top: 0.0117187px; width: 43.5879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.984px; top: 12.6836px; width: 28.9746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.406px; top: 12.6836px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 286.359px; top: 12.6836px; width: 36.457px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">financial </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 163.609px; top: 25.3711px; width: 18.9141px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">bank</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 210.781px; top: 25.3711px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">securities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 270.422px; top: 25.3711px; width: 101.109px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 45.1406px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 63.6211px; width: 372.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AAA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.7617px; width: 370.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,582</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,773</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,355</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.887px; width: 368.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,278</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,553</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,831</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.012px; width: 374.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.715px; width: 75.8145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not rated or below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.387px; width: 374.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">623</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">623</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 170.512px; width: 364.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.525px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,634</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.637px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 208.777px; width: 372.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AAA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 227.902px; width: 371.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,451</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">912</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,363</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.027px; width: 369.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,292</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,432</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,724</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.168px; width: 375.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.891px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.0545px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 283.855px; width: 75.8145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not rated or below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 296.527px; width: 374.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 315.668px; width: 364.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.525px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,392</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">32,574</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk exposure to financial counterparties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers its maximum credit exposure to financial counterparties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to be <span class="ls30 ws36">DKK 32,634 million</span> (<span class="ls30 ws36">DKK 32,574 million in 2023</span>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">To manage credit risk regarding financial counterparties, Novo Nordisk only enters </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">into derivative financial contracts and money market deposits with financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">counterparties possessing a satisfactory long-term credit rating from at least two </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the three selected rating agencies: Standard and Poor's, Moody's and Fitch. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermore, maximum credit lines defined for each counterparty diversify the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overall counterparty risk. The credit risk on marketable securities is low, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments are made in highly liquid bonds with AAA credit ratings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk exposure to non-financial counterparties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers its maximum credit exposure to trade receivables, other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables (less prepayments and VAT receivables) and other financial assets to be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 77,572 million<span class="ls0 ws0"> (</span>DKK 67,209 million in 2023<span class="ls0 ws0">). Refer to note </span>4.8<span class="ls0 ws0"> for details of the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group's total financial assets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Outside the US, Novo Nordisk has no significant concentration of credit risk related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to trade receivables or other receivables and prepayments, because the exposure in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">general is spread over a large number of counterparties and customers. In the US, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three major wholesalers account for a large proportion of total net sales, see note <span class="_ _0"/><span class="ls30 ws36">2.1<span class="ls0 ws0">. </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, US wholesaler credit ratings are monitored, and part of the trade receivables </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are sold on full non-recourse terms; see below for details. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk closely monitors the current economic conditions of countries impacted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by currency fluctuations, high inflation and an unstable political climate. These </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indicators, as well as payment history are taken into account in the valuation of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade receivables. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Trade receivable programmes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At year-end, the Group had derecognised receivables without recourse having </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">due dates after 31 December <span class="ls30 ws36">2024</span> amounting to:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:49.140625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 379.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,214</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,059</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,394</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 375.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Japan</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.117px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,834</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,050</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,273</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's subsidiaries in the US and Japan employ trade receivable programmes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in which trade receivables are sold on full non-recourse terms to optimise working </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest rate risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's exposure to interest rate risk is deemed low, primarily attributable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the capital structure. The company's interest-bearing liabilities comprise a mix of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fixed rate Eurobonds and variable rate instruments. The risk associated with variable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest-bearing liabilities is offset to some extent by variable interest-bearing assets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These assets consist of cash, cash equivalents, and marketable securities with a low </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">portfolio duration. Taking into account these balancing factors, the overall interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate risk is assessed to be low.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk´s liquidity risk is considered to be low. The availability of the required </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liquidity is ensured through a combination of cash pools for cash centralisation, highly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liquid investment portfolios and both uncommitted and committed credit facilities. In </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination these factors mitigate short-term liquidity risk. Furthermore, the Board of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Directors has decided not to initiate a new share repurchase program in 2025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial reserves</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:125.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 368.121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.088px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,653</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 362.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,921</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 155.078px; top: 55.2773px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd6; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 135.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Undrawn committed credit facility</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 226.219px; top: 57.3867px; width: 148.939px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,380</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,552</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,527</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5117px; width: 372.029px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Undrawn bridge facility</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,341</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 373.512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.088px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(11,775)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,431)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(480)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.777px; width: 209.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial reserves</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.219px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.883px; top: 114.777px; width: 149.666px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">43,254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">36,351</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34,621</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3. The undrawn committed credit facility comprises a facility of EUR <span class="_ _0"/><span class="ls38 ws40">3,000 million in 2024<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(EUR <span class="ls38 ws40">1,550 million in 2023 and 2022) committed by a portfolio of international banks. The facility </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">matures in 2029. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial reserves comprise of sources of liquidity, as shown in the table above, less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">borrowings that are contractually obliged to be repaid within 12 months. Borrowings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which reduces the financial reserves, consist of current borrowings (DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">13,113 million<span class="ls0 ws0">) excluding leasing (DKK </span>1,338 million<span class="ls0 ws0">). </span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign exchange risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign exchange risk is the most important financial risk for Novo Nordisk and can </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">have a significant impact on the income statement, statement of comprehensive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income, balance sheet and cash flow statement. The majority of Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange exposures are in USD, EUR, CNY, CAD, JPY and BRL. The foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exchange risk is most significant in USD. The exchange rate risk exposure in EUR is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regarded as low because of Denmark's fixed exchange rate policy towards EUR. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overall objective of foreign exchange risk management is to reduce the short-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">negative impact of exchange rate fluctuations on earnings and cash flow, thereby </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contributing to the predictability of the financial results. In selected currencies, Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk hedges assets and liabilities as well as future expected cash flows up to a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">maximum of 24 months<span class="ls0 ws0">, including selected business development activities </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(acquisition of businesses). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hedge accounting is applied to match the impact of the hedged item and the hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument in the consolidated income statement. The currency hedging strategy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balances risk reduction and cost of hedging by use of foreign exchange forwards and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange options matching the due dates of the hedged items. Expected cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">flows are continually assessed using historical inflows, budgets and monthly sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">forecasts. Hedge effectiveness is assessed on a regular basis.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exchange rates applied for selected currencies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.281px; top: 0.0117187px; width: 246.34px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">USD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CNY</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CAD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">JPY</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">BRL</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 181.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average exchange rate applied (DKK per 100)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 373.102px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">503</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.56</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">129</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 372.738px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">97</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">511</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.91</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 372.199px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">708</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">105</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">543</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">137</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.2969px; width: 184.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Year-end exchange rate applied (DKK per 100)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 372.738px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">714</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">98</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">496</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.53</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">115</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 373.102px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">95</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.77</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">139</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 372.199px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">697</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">101</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">515</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">132</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sensitivity of an immediate 5% decrease in currency rates on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">31 December vs DKK</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7969px; width: 106.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sensitivity of all currencies</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 369.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.272px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(323)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(117)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 360.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,012</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,058</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 376.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,941</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.3125px; width: 102.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof sensitivity of USD</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 369.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">148</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 360.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,178</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,082</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.059px; width: 376.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,152</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. An immediate <span class="ls38 ws40">5%</span> increase would have the opposite impact of the above. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The foreign exchange sensitivity analysis comprises effects from the Group's financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments, including cash, trade receivables and trade payables, current loans, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current and non-current financial investments, lease liabilities and foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forwards. Anticipated currency transactions, investments in foreign subsidiaries and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">non-current assets are not included. The main impact is driven by forward contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used for hedging activities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial contracts coverage at year end</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:51.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 217.594px; top: 0.0117187px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd6; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 2.13672px; width: 212.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Months</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.66px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">USD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CNY</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 255.844px; top: 2.13672px; width: 61.5469px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">CAD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 317.391px; top: 2.13672px; width: 16.2598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">JPY</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 333.65px; top: 2.13672px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 21.2617px; width: 377.297px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 131.953px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 40.3867px; width: 377.297px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 131.953px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. Chinese yuan traded offshore (CNH) is used to hedge Novo Nordisk's CNY currency exposure.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table above shows hedge coverage horizon existing at year-end to cover the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected future cash flow for the disclosed number of months. The hedging of CAD </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been phased out during <span class="ls30 ws36">2024</span>. Average hedge rate for USD cash flow hedges is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">676<span class="ls0 ws0"> at the end of </span>2024<span class="ls0 ws0"> (</span>676<span class="ls0 ws0"> at the end of </span>2023<span class="ls0 ws0">).</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:355.15625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 67.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 72.2188px; top: 36.1367px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe3; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 60.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.281px; top: 38.2617px; width: 146.941px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,069</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">239</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 367.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange gain (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">308</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.0898px; width: 112.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial gain from forward </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7617px; width: 371.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">contracts (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,358</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 106.887px; width: 360.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital gain on marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4239px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">143</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.012px; width: 365.455px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">81</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.152px; width: 212.502px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.928px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 212.502px; top: 145.152px; width: 146.924px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,198</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,945</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">239</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 164.922px; width: 73.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.48px; width: 121.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest expenses on debts and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.152px; width: 372.65px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">borrowings</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 180.023px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,640</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 218.277px; width: 364.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange loss (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.98px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,381</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,885</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 235.98px; width: 111.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial loss from forward </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.652px; width: 375.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">contracts (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.94px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,766</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.777px; width: 364.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital loss on investments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">124</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 286.918px; width: 361.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital loss on marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.1154px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">463</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 306.043px; width: 363.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.832px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 325.168px; width: 364.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.319px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">197</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">181</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 344.293px; width: 209.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.279px; top: 344.293px; width: 147.141px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,346</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">845</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,986</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Interest income include DKK <span class="ls38 ws40">399</span> million from marketable securities at fair valu<span class="_ _0"/>e through the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement (2023: DKK <span class="ls38 ws40">370 million; 2022: DKK 78 million) while the remaining interest income </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is derived from financial assets at amortised cost.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial impact from forward contracts, specified</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:162.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.2305px; width: 144.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(loss) transferred from other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 363.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,740)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.6055px; width: 131.314px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised fair value adjustment of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 60.7461px; width: 364.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">transferred contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.709px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,903)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,772)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 77.9648px; width: 143.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Unrealised fair value adjustments of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 80px; top: 89.0117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe3; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 91.1211px; width: 68.4902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.234px; top: 91.1367px; width: 148.67px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,558</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(540)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,202)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.355px; width: 161.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised foreign exchange gain/(loss) on </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.496px; width: 367.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,091</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">644</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,948</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.844px; width: 131.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income/(expense) from </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.871px; width: 213.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.037px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 213.527px; top: 151.871px; width: 146.795px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,358</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,766)</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">2. Refer to note 4.5 for information on open fair value hedge contracts at 31 December.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has chosen to classify the result of hedging activities as part of financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">items in the income statement, except for foreign currency-risk cash flow hedges on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable non-financial asset purchases where the cumulative value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are transferred directly from the cash flow hedge reserve to the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of the asset when recognised.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign exchange risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign exchange risk is the most important financial risk for Novo Nordisk and can </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">have a significant impact on the income statement, statement of comprehensive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income, balance sheet and cash flow statement. The majority of Novo Nordisk's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange exposures are in USD, EUR, CNY, CAD, JPY and BRL. The foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exchange risk is most significant in USD. The exchange rate risk exposure in EUR is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regarded as low because of Denmark's fixed exchange rate policy towards EUR. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overall objective of foreign exchange risk management is to reduce the short-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">negative impact of exchange rate fluctuations on earnings and cash flow, thereby </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contributing to the predictability of the financial results. In selected currencies, Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk hedges assets and liabilities as well as future expected cash flows up to a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">maximum of 24 months<span class="ls0 ws0">, including selected business development activities </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(acquisition of businesses). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hedge accounting is applied to match the impact of the hedged item and the hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument in the consolidated income statement. The currency hedging strategy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balances risk reduction and cost of hedging by use of foreign exchange forwards and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange options matching the due dates of the hedged items. Expected cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">flows are continually assessed using historical inflows, budgets and monthly sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">forecasts. Hedge effectiveness is assessed on a regular basis.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exchange rates applied for selected currencies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.281px; top: 0.0117187px; width: 246.34px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">USD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CNY</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CAD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">JPY</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">BRL</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 181.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average exchange rate applied (DKK per 100)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 373.102px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">96</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">503</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.56</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">129</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 372.738px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">97</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">511</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.91</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">138</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 372.199px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">708</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">105</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">543</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">137</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.2969px; width: 184.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Year-end exchange rate applied (DKK per 100)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 372.738px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">714</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">98</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">496</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.53</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">115</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 373.102px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">95</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">509</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4.77</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">139</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 372.199px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 126.398px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">697</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">101</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">515</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5.29</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">132</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sensitivity of an immediate 5% decrease in currency rates on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">31 December vs DKK</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7969px; width: 106.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sensitivity of all currencies</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 369.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.272px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(323)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(117)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 360.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,012</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,058</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 376.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,941</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 96.3125px; width: 102.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof sensitivity of USD</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 369.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">148</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 360.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 159.633px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,178</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,082</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.059px; width: 376.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.008px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffd3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,152</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. An immediate <span class="ls38 ws40">5%</span> increase would have the opposite impact of the above. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The foreign exchange sensitivity analysis comprises effects from the Group's financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments, including cash, trade receivables and trade payables, current loans, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current and non-current financial investments, lease liabilities and foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forwards. Anticipated currency transactions, investments in foreign subsidiaries and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">non-current assets are not included. The main impact is driven by forward contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used for hedging activities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial contracts coverage at year end</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:51.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 217.594px; top: 0.0117187px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd6; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 2.13672px; width: 212.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Months</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 110.66px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">USD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">CNY</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 255.844px; top: 2.13672px; width: 61.5469px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">CAD</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 317.391px; top: 2.13672px; width: 16.2598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">JPY</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 333.65px; top: 2.13672px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 21.2617px; width: 377.297px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 131.953px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 40.3867px; width: 377.297px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 131.953px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. Chinese yuan traded offshore (CNH) is used to hedge Novo Nordisk's CNY currency exposure.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table above shows hedge coverage horizon existing at year-end to cover the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected future cash flow for the disclosed number of months. The hedging of CAD </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has been phased out during <span class="ls30 ws36">2024</span>. Average hedge rate for USD cash flow hedges is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">676<span class="ls0 ws0"> at the end of </span>2024<span class="ls0 ws0"> (</span>676<span class="ls0 ws0"> at the end of </span>2023<span class="ls0 ws0">).</span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hedge accounting is applied to match the impact of the hedged item and the hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument in the consolidated income statement. The currency hedging strategy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balances risk reduction and cost of hedging by use of foreign exchange forwards and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign exchange options matching the due dates of the hedged items. Expected cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">flows are continually assessed using historical inflows, budgets and monthly sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecasts. Hedge effectiveness is assessed on a regular basis.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk arises from the possibility that transactional counterparties may default </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on their obligations </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">towards the Group. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit exposure for cash at bank, marketable securities and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivative financial instruments (fair value)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:326.53125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 278.859px; top: 0.0117187px; width: 43.5879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.984px; top: 12.6836px; width: 28.9746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.406px; top: 12.6836px; width: 46.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 286.359px; top: 12.6836px; width: 36.457px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">financial </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 25.3711px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 163.609px; top: 25.3711px; width: 18.9141px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">bank</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 210.781px; top: 25.3711px; width: 36.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">securities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 270.422px; top: 25.3711px; width: 101.109px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 45.1406px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 63.6211px; width: 372.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AAA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.7617px; width: 370.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,582</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,773</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,355</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.887px; width: 368.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">8,278</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,553</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,831</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.012px; width: 374.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">172</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.715px; width: 75.8145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not rated or below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.387px; width: 374.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">623</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">623</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 170.512px; width: 364.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.525px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">32,634</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.637px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 208.777px; width: 372.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AAA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 227.902px; width: 371.209px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">AA range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,451</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">912</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,363</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.027px; width: 369.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">A range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,292</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,432</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,724</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.168px; width: 375.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.891px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.0545px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 283.855px; width: 75.8145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not rated or below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 296.527px; width: 374.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">BBB range</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">632</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 315.668px; width: 364.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.525px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">14,392</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">32,574</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk exposure to financial counterparties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers its maximum credit exposure to financial counterparties </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to be <span class="ls30 ws36">DKK 32,634 million</span> (<span class="ls30 ws36">DKK 32,574 million in 2023</span>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">To manage credit risk regarding financial counterparties, Novo Nordisk only enters </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">into derivative financial contracts and money market deposits with financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">counterparties possessing a satisfactory long-term credit rating from at least two </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the three selected rating agencies: Standard and Poor's, Moody's and Fitch. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermore, maximum credit lines defined for each counterparty diversify the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overall counterparty risk. The credit risk on marketable securities is low, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments are made in highly liquid bonds with AAA credit ratings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk exposure to non-financial counterparties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk considers its maximum credit exposure to trade receivables, other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables (less prepayments and VAT receivables) and other financial assets to be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 77,572 million<span class="ls0 ws0"> (</span>DKK 67,209 million in 2023<span class="ls0 ws0">). Refer to note </span>4.8<span class="ls0 ws0"> for details of the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group's total financial assets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Outside the US, Novo Nordisk has no significant concentration of credit risk related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to trade receivables or other receivables and prepayments, because the exposure in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">general is spread over a large number of counterparties and customers. In the US, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three major wholesalers account for a large proportion of total net sales, see note <span class="_ _0"/><span class="ls30 ws36">2.1<span class="ls0 ws0">. </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">However, US wholesaler credit ratings are monitored, and part of the trade receivables </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are sold on full non-recourse terms; see below for details. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk closely monitors the current economic conditions of countries impacted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by currency fluctuations, high inflation and an unstable political climate. These </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indicators, as well as payment history are taken into account in the valuation of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade receivables. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Trade receivable programmes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At year-end, the Group had derecognised receivables without recourse having </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">due dates after 31 December <span class="ls30 ws36">2024</span> amounting to:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:49.140625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 379.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">US</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,214</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,059</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,394</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 375.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Japan</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.117px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,834</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,050</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,273</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk's subsidiaries in the US and Japan employ trade receivable programmes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in which trade receivables are sold on full non-recourse terms to optimise working </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk´s liquidity risk is considered to be low. The availability of the required </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liquidity is ensured through a combination of cash pools for cash centralisation, highly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liquid investment portfolios and both uncommitted and committed credit facilities. In </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination these factors mitigate short-term liquidity risk. Furthermore, the Board of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Directors has decided not to initiate a new share repurchase program in 2025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial reserves</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:125.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1523px; width: 368.121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.088px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,653</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 362.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.713px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,921</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 155.078px; top: 55.2773px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd6; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 135.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Undrawn committed credit facility</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 226.219px; top: 57.3867px; width: 148.939px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,380</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,552</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,527</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5117px; width: 372.029px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Undrawn bridge facility</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,341</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 373.512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.088px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(11,775)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,431)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(480)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.777px; width: 209.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial reserves</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.219px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.883px; top: 114.777px; width: 149.666px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">43,254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffd5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">36,351</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34,621</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3. The undrawn committed credit facility comprises a facility of EUR <span class="_ _0"/><span class="ls38 ws40">3,000 million in 2024<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(EUR <span class="ls38 ws40">1,550 million in 2023 and 2022) committed by a portfolio of international banks. The facility </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">matures in 2029. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial reserves comprise of sources of liquidity, as shown in the table above, less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">borrowings that are contractually obliged to be repaid within 12 months. Borrowings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which reduces the financial reserves, consist of current borrowings (DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">13,113 million<span class="ls0 ws0">) excluding leasing (DKK </span>1,338 million<span class="ls0 ws0">). </span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.5 Derivative financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:228.03125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 526.781px; top: 0.0117187px; width: 276.533px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 237.603px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 383.703px; top: 19.6523px; width: 33.5742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 450.453px; top: 19.6523px; width: 31.4238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Positive</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 507.766px; top: 19.6523px; width: 35.1914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Negative</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 643.422px; top: 19.6523px; width: 33.5742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 710.344px; top: 19.6523px; width: 31.4238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Positive</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 767.547px; top: 19.6523px; width: 35.1914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Negative</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.422px; top: 32.3242px; width: 34.7344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 386.234px; top: 32.3242px; width: 29.1914px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 443.453px; top: 32.3242px; width: 37.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fair value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 505.859px; top: 32.3242px; width: 37.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fair value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 582.156px; top: 32.3242px; width: 34.7344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 646.484px; top: 32.3242px; width: 29.1914px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 703.547px; top: 32.3242px; width: 37.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fair value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 767.547px; top: 32.3242px; width: 37.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fair value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 45.0117px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 341.953px; top: 45.0117px; width: 14.6133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 370.906px; top: 45.0117px; width: 43.3828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at year-end</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 434.609px; top: 45.0117px; width: 43.3828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at year-end</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.312px; top: 45.0117px; width: 43.3828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at year-end</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 601.156px; top: 45.0117px; width: 14.6133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 629.938px; top: 45.0117px; width: 43.3828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at year-end</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 693.438px; top: 45.0117px; width: 43.3828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at year-end</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.062px; top: 45.0117px; width: 43.3828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at year-end</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 64.1367px; width: 773.748px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forward contracts USD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.984px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">676</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">137,781</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,704</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">676</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">104,022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,600</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">193</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.812px; top: 81.1367px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffd8; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.2617px; width: 128.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forward contracts CNH and JPY</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 392.047px; top: 83.2617px; width: 401.062px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,910</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">109</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">181</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 103.523px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,246</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">295</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">90</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 102.387px; width: 765.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forward contracts, cash flow hedges</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.375px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">154,691</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">122</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,885</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 97.5529px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">124,268</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,895</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">283</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.512px; width: 774.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forward contracts USD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.984px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">683</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">75,864</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,135</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,577</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">675</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">65,870</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">330</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">946</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.652px; width: 774.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forward contracts EUR, CNH, JPY and others</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.033px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17,451</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">69</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 103.523px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,520</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">119</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">43</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.777px; width: 766.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forward contracts, fair value hedges</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.639px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">93,315</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,204</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,646</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 103.523px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">94,390</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">449</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">989</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 178.902px; width: 348.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total derivative financial instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.746px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 348.539px; top: 178.902px; width: 400.893px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">248,006</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 98.0449px; font-size: 9.75px; font-family: ffd9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">218,658</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 198.043px; width: 772.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Recognised in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.842px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,204</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,646</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 180.539px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">449</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">989</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 217.168px; width: 768.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Recognised in other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 268.641px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">122</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,885</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 172.348px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,895</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffd8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">283</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. For 2023 the relevant currencies are CNH, CAD and JPY.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred losses of <span class="ls30 ws36">DKK 5,763 million</span> from cash flow hedges open at 31 December </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024 were recorded in Other Comprehensive Income along with deferred gains from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flow hedges related to acquisition of businesses of <span class="_ _0"/><span class="ls30 ws36">DKK 1,154 million<span class="ls0 ws0"> which was, </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon maturity, transferred directly from the cash flow hedge reserve to the initial cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of net assets acquired on an after-tax basis. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Forward contracts are expected to impact the income statement within the next 12 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">months through financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There is <span class="ls30 ws36">no</span> ineffectiveness </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised at 31 December <span class="ls30 ws36">2024</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On initiation of the contract, Novo Nordisk designates each derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract that qualifies for hedge accounting as one of:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of the fair value of a recognised asset or liability (fair value hedge)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of a forecast financial transaction (cash flow hedge).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All contracts are initially recognised at fair value and subsequently remeasured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the end of the reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>fair <span class="_ _0"/>value hedges <span class="_ _d"/>are recognised <span class="_ _d"/>in the <span class="_ _d"/>income statement <span class="_ _0"/>along <span class="_ _0"/>with <span class="_ _0"/>any <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>the <span class="_ _0"/>hedged asset <span class="_ _d"/>or liability <span class="_ _d"/>that are <span class="_ _d"/>attributable to <span class="_ _d"/>the hedged <span class="_ _0"/>risk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value adjustments of the effective part of cash flow hedges are recognised in other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprehensive income. The cumulative value adjustment of these contracts is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred from other comprehensive income to the income statement when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedged transaction is recognised in the income statement. <span class="_ _0"/>For cash flow hedges of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign currency risk on highly probable non-financial asset purchases, the cumulative</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value adjustments are transferred directly from the cash flow hedge reserve to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initial cost of the asset when recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Discontinuance <span class="_ _0"/>of <span class="_ _0"/>cash <span class="_ _0"/>flow <span class="_ _0"/>hedging</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When <span class="_ _0"/>a <span class="_ _0"/>hedging <span class="_ _0"/>instrument <span class="_ _0"/>expires or <span class="_ _d"/>is sold, <span class="_ _d"/>or when <span class="_ _d"/>a hedge <span class="_ _0"/>no <span class="_ _0"/>longer <span class="_ _0"/>meets <span class="_ _0"/>the <span class="_ _0"/>criteria <span class="_ _0"/>for <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedge <span class="_ _0"/>accounting, <span class="_ _0"/>any <span class="_ _0"/>cumulative gain <span class="_ _d"/>or loss <span class="_ _d"/>existing in <span class="_ _d"/>equity at <span class="_ _d"/>that time <span class="_ _0"/>remains <span class="_ _0"/>in <span class="_ _0"/>equity <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _0"/>is <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred <span class="_ _0"/>when <span class="_ _0"/>the <span class="_ _0"/>forecasted <span class="_ _0"/>transaction is <span class="_ _d"/>ultimately recognised <span class="_ _d"/>in the <span class="_ _d"/>income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. <span class="_ _0"/>When <span class="_ _0"/>a <span class="_ _0"/>forecasted transaction <span class="_ _d"/>is no <span class="_ _d"/>longer expected <span class="_ _d"/>to occur, <span class="_ _0"/>the <span class="_ _0"/>cumulative <span class="_ _0"/>gain <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="_ _0"/>loss <span class="_ _0"/>that <span class="_ _0"/>was reported <span class="_ _d"/>in equity <span class="_ _d"/>is immediately <span class="_ _d"/>transferred to <span class="_ _0"/>the <span class="_ _0"/>income <span class="_ _0"/>statement <span class="_ _0"/>under <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial <span class="_ _0"/>income <span class="_ _0"/>or <span class="_ _0"/>financial expenses. <span class="_ _d"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For <span class="_ _0"/>additional <span class="_ _0"/>disclosures on <span class="_ _d"/>accounting policies <span class="_ _d"/>for financial <span class="_ _0"/>instruments <span class="_ _0"/>refer <span class="_ _0"/>to <span class="_ _0"/>note <span class="_ _d"/>4.8<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:570.28125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.6406px; width: 109.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.8867px; width: 367.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,530</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">571</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.7617px; width: 366.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.684px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0938px; width: 145.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.1367px; width: 355.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.512px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,183</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,409</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 118.137px; width: 332.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging instruments (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,344</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.012px; width: 368.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.803px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">747</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">682</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.887px; width: 369.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,996</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,729</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.59px; width: 139.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables and prepayments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.262px; width: 362.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(current and non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.893px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,628</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,498</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.137px; width: 357.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less prepayments and VAT receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,312)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.012px; width: 366.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.887px; width: 345.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.449px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,744</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,989</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.777px; width: 356.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables eligible for factoring</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,041</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 268.109px; width: 168.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.137px; width: 357.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,041</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.484px; width: 124.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.512px; width: 356.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">206</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,783</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 335.906px; width: 123.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 352.137px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 370.484px; width: 112.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.512px; width: 360.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments (liability)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 161.359px; top: 397.262px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 399.387px; width: 140.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (non-current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 399.387px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">89,674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 414.137px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 416.262px; width: 122.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 416.262px; width: 91.0781px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,113</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.137px; width: 370.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,846</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,606</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 450.012px; width: 367.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 466.887px; width: 366.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,993</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,705</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 483.762px; width: 367.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less VAT and duties payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.723px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(960)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(600)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 502.109px; width: 126.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities measured at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 514.137px; width: 363.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.541px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">80,906</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 532.469px; width: 137.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.512px; width: 356.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">176,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">220</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,178</span></span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 560.918px; width: 273.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Refer to note </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;"> for a maturity analysis for non-current and current borrowings.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement hierarchy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 275.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.965px; top: 19.1367px; width: 90.8848px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,833</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,052</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 38.2617px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 259.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 259.113px; top: 57.4023px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,303</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 256.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.6px; top: 76.5273px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,462</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">51,794</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 374.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 114.793px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 357.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 261.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.809px; top: 153.043px; width: 85.9746px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets and liabilities measured at fair value can be categorised using the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value measurement hierarchy above. There were no transfers between the 'Active </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market data' and 'Directly or indirectly observable market data' categories during <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="ls30 ws36">2023</span>. The fair value of issued Eurobonds, which is disclosed in note 4.6, are based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on 'Active market data'. There are no significant intangible assets or items of property,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plant and equipment measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On initiation of the contract, Novo Nordisk designates each derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract that qualifies for hedge accounting as one of:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of the fair value of a recognised asset or liability (fair value hedge)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of a forecast financial transaction (cash flow hedge).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All contracts are initially recognised at fair value and subsequently remeasured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the end of the reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>fair <span class="_ _0"/>value hedges <span class="_ _d"/>are recognised <span class="_ _d"/>in the <span class="_ _d"/>income statement <span class="_ _0"/>along <span class="_ _0"/>with <span class="_ _0"/>any <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>the <span class="_ _0"/>hedged asset <span class="_ _d"/>or liability <span class="_ _d"/>that are <span class="_ _d"/>attributable to <span class="_ _d"/>the hedged <span class="_ _0"/>risk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value adjustments of the effective part of cash flow hedges are recognised in other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprehensive income. The cumulative value adjustment of these contracts is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred from other comprehensive income to the income statement when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedged transaction is recognised in the income statement. <span class="_ _0"/>For cash flow hedges of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign currency risk on highly probable non-financial asset purchases, the cumulative</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value adjustments are transferred directly from the cash flow hedge reserve to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initial cost of the asset when recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Discontinuance <span class="_ _0"/>of <span class="_ _0"/>cash <span class="_ _0"/>flow <span class="_ _0"/>hedging</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When <span class="_ _0"/>a <span class="_ _0"/>hedging <span class="_ _0"/>instrument <span class="_ _0"/>expires or <span class="_ _d"/>is sold, <span class="_ _d"/>or when <span class="_ _d"/>a hedge <span class="_ _0"/>no <span class="_ _0"/>longer <span class="_ _0"/>meets <span class="_ _0"/>the <span class="_ _0"/>criteria <span class="_ _0"/>for <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedge <span class="_ _0"/>accounting, <span class="_ _0"/>any <span class="_ _0"/>cumulative gain <span class="_ _d"/>or loss <span class="_ _d"/>existing in <span class="_ _d"/>equity at <span class="_ _d"/>that time <span class="_ _0"/>remains <span class="_ _0"/>in <span class="_ _0"/>equity <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _0"/>is <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred <span class="_ _0"/>when <span class="_ _0"/>the <span class="_ _0"/>forecasted <span class="_ _0"/>transaction is <span class="_ _d"/>ultimately recognised <span class="_ _d"/>in the <span class="_ _d"/>income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. <span class="_ _0"/>When <span class="_ _0"/>a <span class="_ _0"/>forecasted transaction <span class="_ _d"/>is no <span class="_ _d"/>longer expected <span class="_ _d"/>to occur, <span class="_ _0"/>the <span class="_ _0"/>cumulative <span class="_ _0"/>gain <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="_ _0"/>loss <span class="_ _0"/>that <span class="_ _0"/>was reported <span class="_ _d"/>in equity <span class="_ _d"/>is immediately <span class="_ _d"/>transferred to <span class="_ _0"/>the <span class="_ _0"/>income <span class="_ _0"/>statement <span class="_ _0"/>under <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial <span class="_ _0"/>income <span class="_ _0"/>or <span class="_ _0"/>financial expenses. <span class="_ _d"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For <span class="_ _0"/>additional <span class="_ _0"/>disclosures on <span class="_ _d"/>accounting policies <span class="_ _d"/>for financial <span class="_ _0"/>instruments <span class="_ _0"/>refer <span class="_ _0"/>to <span class="_ _0"/>note <span class="_ _d"/>4.8<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On initiation of the contract, Novo Nordisk designates each derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract that qualifies for hedge accounting as one of:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of the fair value of a recognised asset or liability (fair value hedge)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>hedges of a forecast financial transaction (cash flow hedge).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All contracts are initially recognised at fair value and subsequently remeasured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the end of the reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>fair <span class="_ _0"/>value hedges <span class="_ _d"/>are recognised <span class="_ _d"/>in the <span class="_ _d"/>income statement <span class="_ _0"/>along <span class="_ _0"/>with <span class="_ _0"/>any <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value <span class="_ _0"/>adjustments <span class="_ _0"/>of <span class="_ _0"/>the <span class="_ _0"/>hedged asset <span class="_ _d"/>or liability <span class="_ _d"/>that are <span class="_ _d"/>attributable to <span class="_ _d"/>the hedged <span class="_ _0"/>risk.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedges</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Value adjustments of the effective part of cash flow hedges are recognised in other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprehensive income. The cumulative value adjustment of these contracts is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred from other comprehensive income to the income statement when the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedged transaction is recognised in the income statement. <span class="_ _0"/>For cash flow hedges of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign currency risk on highly probable non-financial asset purchases, the cumulative</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value adjustments are transferred directly from the cash flow hedge reserve to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initial cost of the asset when recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Discontinuance <span class="_ _0"/>of <span class="_ _0"/>cash <span class="_ _0"/>flow <span class="_ _0"/>hedging</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When <span class="_ _0"/>a <span class="_ _0"/>hedging <span class="_ _0"/>instrument <span class="_ _0"/>expires or <span class="_ _d"/>is sold, <span class="_ _d"/>or when <span class="_ _d"/>a hedge <span class="_ _0"/>no <span class="_ _0"/>longer <span class="_ _0"/>meets <span class="_ _0"/>the <span class="_ _0"/>criteria <span class="_ _0"/>for <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedge <span class="_ _0"/>accounting, <span class="_ _0"/>any <span class="_ _0"/>cumulative gain <span class="_ _d"/>or loss <span class="_ _d"/>existing in <span class="_ _d"/>equity at <span class="_ _d"/>that time <span class="_ _0"/>remains <span class="_ _0"/>in <span class="_ _0"/>equity <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _0"/>is <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred <span class="_ _0"/>when <span class="_ _0"/>the <span class="_ _0"/>forecasted <span class="_ _0"/>transaction is <span class="_ _d"/>ultimately recognised <span class="_ _d"/>in the <span class="_ _d"/>income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. <span class="_ _0"/>When <span class="_ _0"/>a <span class="_ _0"/>forecasted transaction <span class="_ _d"/>is no <span class="_ _d"/>longer expected <span class="_ _d"/>to occur, <span class="_ _0"/>the <span class="_ _0"/>cumulative <span class="_ _0"/>gain <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="_ _0"/>loss <span class="_ _0"/>that <span class="_ _0"/>was reported <span class="_ _d"/>in equity <span class="_ _d"/>is immediately <span class="_ _d"/>transferred to <span class="_ _0"/>the <span class="_ _0"/>income <span class="_ _0"/>statement <span class="_ _0"/>under <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial <span class="_ _0"/>income <span class="_ _0"/>or <span class="_ _0"/>financial expenses. <span class="_ _d"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For <span class="_ _0"/>additional <span class="_ _0"/>disclosures on <span class="_ _d"/>accounting policies <span class="_ _d"/>for financial <span class="_ _0"/>instruments <span class="_ _0"/>refer <span class="_ _0"/>to <span class="_ _0"/>note <span class="_ _d"/>4.8<span class="ls0 ws0">.</span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.6 Borrowings</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:270.15234375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 599.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reconciliation of liabilities arising from financing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 281.789px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Non-cash movements</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 306px; top: 17.043px; width: 53.5137px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Beginning of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 414.156px; top: 17.043px; width: 14.0801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Re-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 637.266px; top: 17.0586px; width: 40.7988px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 759.094px; top: 17.0586px; width: 43.0547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">End of the </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 550.938px; top: 27.6055px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffdb; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 29.7305px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.453px; top: 29.7305px; width: 31.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 383.703px; top: 29.7305px; width: 147.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.748px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Proceeds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 573.469px; top: 29.7305px; width: 37.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 656.484px; top: 29.7305px; width: 76.8809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rates</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Other</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.469px; top: 29.7305px; width: 16.7812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.5px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 67.9805px; width: 785.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.711px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,726</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,417)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,383</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">71</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,766</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.1211px; width: 782.613px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Eurobonds</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 285.299px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,824</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,849)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34,513</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 106.246px; width: 793.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.658px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">39,494</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">201</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">39,701</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 125.371px; width: 787.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Commercial papers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.619px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,343</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.512px; width: 788.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank overdrafts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 275.607px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">456</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(69)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">40</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">449</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 163.637px; width: 768.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.977px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">27,006</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,335)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">79,391</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,584</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">110</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 26.9238px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,787</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.762px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.887px; width: 784.547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.711px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,529</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,448)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,809</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(170)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,726</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 221.027px; width: 789.322px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Eurobonds</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 285.299px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,775</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">46</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">20,824</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 240.152px; width: 790.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank overdrafts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 275.607px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">480</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(19)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(4)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 259.277px; width: 66.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total borrowings</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 66.75px; top: 259.277px; width: 392.496px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.977px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,784</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,467)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 459.246px; top: 259.277px; width: 315.158px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,809</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.1426px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(128)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,006</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Non-cash additions include additions from acquisitions of businesses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:182.38671875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 345.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Issuance of Eurobonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.312px; font-size: 9.75px; font-family: ffdc; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Nominal value in millions</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.4805px; width: 370.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.7384px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Issue date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Maturity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.994px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">DKK</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 37.6055px; width: 367.863px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0.750%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4375px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Mar 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Mar 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">500</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.7305px; width: 368.285px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.375%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">May 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">May 2026</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">1,300</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,698</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.8711px; width: 367.846px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1.125%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4375px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Mar 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">Sep 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">500</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 94.9961px; width: 369.598px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0.125%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.619px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">Jun 2021</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Jun 2028</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">650</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,849</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.121px; width: 368.408px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.125%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">May 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">Jan 2029</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,000</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,460</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.262px; width: 367.863px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1.375%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4375px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Mar 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Mar 2030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">500</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.387px; width: 368.408px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.250%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">May 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">Jan 2031</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,000</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,460</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.512px; width: 367.588px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3.375%</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> Fixed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">May 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2012px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">May 2034</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">1,350</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffdb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,071</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Eurobonds</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Four tranches of Eurobonds with an aggregate nominal amount of EUR <span class="_ _0"/><span class="ls30 ws36">4.65 billion, </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">corresponding to DKK <span class="ls30 ws36">34.7</span> billion, were issued under the Novo Nordisk’s European </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Medium Term Note (EMTN) programme in 2024. Net proceeds of the issuances </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contributed to the financing of the acquisition of th<span class="_ _0"/>ree fill-finish sites from Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Holdings A/S in connection with a transaction where Novo Holdings A/S acquired </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catalent, Inc. (note <span class="ls30 ws36">5.3</span>). No bonds were issued in 2023. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of Eurobonds approximates the carrying value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Loans </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Loans comprise mainly of unsecured bank loans, intended as temporary funding of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquisition of three fill-finish sites from Novo Holdings A/S, which<span class="_ _0"/> carries a variable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest rate. The fair value of the loans approximates their carrying value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A portion of loans arises from a sale and repurchase agreement of marketable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities (REPO). On 31 December 2024, the carrying amount of the assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred was DKK <span class="ls30 ws36">2,200</span> million, and the carrying value of associated liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounted to DKK <span class="ls30 ws36">2,200</span> million. The repurchase is fixed, and Novo Nordisk has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">therefore retained full exposure from fair value changes of the marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Therefore, the transaction is trea</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ted as a collateralised lending arrangement. Where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">substantially all the risks and rewards of ownership are retained in financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that have been transferred, the assets are not derecognised and the proceeds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obtained are recognised as a financial liability.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Commercial papers</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Commercial papers comprise of short-term, unsecured promissory notes, intended as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">temporary funding of the acquisition of three fill-fi<span class="_ _0"/>nish sites from Novo Holdings A/S, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which carries a fixed interest rate. The fair value of the commercial papers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">approximates their carrying value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">I</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ssued bonds, loans, commercial papers and bank overdrafts are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value of the proceeds received less transaction costs. In subsequent periods</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these are measured at amortised cost using the effective interest method. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">difference between the proceeds received and the nominal value is recognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial income or financial expenses over the term of the loan. For fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determination refer to note <span class="ls30 ws36">4.8</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lease liabilities are related to right-of-use assets primarily premises and company cars</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and include the present value of future lease payments during the lease term. Lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities are initially measured at the present value of the lease payments outstanding</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the commencement date, discounted using the incremental borrowing rate. Lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities are measured using the effective interest method. Lease liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently remeasured to reflect changes in future lease payments, e.g. changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in lease terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:387.18359375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0px; width: 764.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contractual undiscounted cash flows </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 599.291px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-3" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.953px; top: 19.293px; width: 50.5371px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Commercial </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 721.859px; top: 19.293px; width: 23.0215px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 31.9805px; width: 604.471px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 417.855px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leases</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.29688px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">Eurobonds</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Loans</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 655.016px; top: 31.9805px; width: 25.4473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">papers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 697.234px; top: 31.9805px; width: 95.2441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">overdrafts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8184px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.75px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.2305px; width: 779.244px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Within 1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.83px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,510</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,842</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,279</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,356</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">449</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,436</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.3555px; width: 784.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 437.644px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,327</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,829</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,945</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">52,101</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.496px; width: 787.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 437.644px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,558</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17,700</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.748px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19,286</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 127.621px; width: 781.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">More than 5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 395.981px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,056</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,459</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 146.746px; width: 779.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 454.335px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,451</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">57,774</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">41,252</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,356</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">449</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112,282</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 165.887px; width: 751.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 319.488px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,766</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">50,528</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">39,701</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,343</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">449</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">102,787</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 185.012px; width: 773.367px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.447px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,428</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">46,799</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">37,447</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">89,674</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 204.137px; width: 772.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 388.575px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,338</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,729</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,254</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,343</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">449</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,113</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.262px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 242.402px; width: 786.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Within 1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.83px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,318</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,975</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">456</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,749</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.527px; width: 789.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 437.644px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,902</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,948</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,850</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.652px; width: 789.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 437.644px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,253</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,695</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9,948</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 299.793px; width: 782.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">More than 5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 395.981px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,819</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,431</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 318.918px; width: 19.8984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 19.8984px; top: 318.918px; width: 579.551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 454.335px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,085</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">21,437</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 599.449px; top: 318.918px; width: 187.559px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">456</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,978</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 338.043px; width: 126.979px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount end of the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 126.979px; top: 338.043px; width: 445.189px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 319.488px; font-size: 9.75px; font-family: ffdd; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,726</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,824</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 572.168px; top: 338.043px; width: 187.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">456</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,006</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 357.168px; width: 776.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.447px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,552</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,976</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">20,528</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 376.309px; width: 709.271px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 388.575px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,174</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,848</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 709.271px; top: 376.309px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">456</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 723.873px; top: 376.309px; width: 33.6211px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 757.494px; top: 376.309px; width: 21.8906px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffde; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,478</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">I</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ssued bonds, loans, commercial papers and bank overdrafts are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value of the proceeds received less transaction costs. In subsequent periods</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these are measured at amortised cost using the effective interest method. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">difference between the proceeds received and the nominal value is recognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial income or financial expenses over the term of the loan. For fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determination refer to note <span class="ls30 ws36">4.8</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lease liabilities are related to right-of-use assets primarily premises and company cars</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and include the present value of future lease payments during the lease term. Lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities are initially measured at the present value of the lease payments outstanding</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the commencement date, discounted using the incremental borrowing rate. Lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities are measured using the effective interest method. Lease liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsequently remeasured to reflect changes in future lease payments, e.g. changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in lease terms.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.7 Cash flow statement specifications</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-cash items</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:324.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.727px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 22.2148px; width: 164.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest income and interest expenses, net </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.8867px; width: 377.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.9</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.516px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(198)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(527)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">139</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 52.5898px; width: 152.191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital gain/(loss) on investments, net </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.2617px; width: 377.35px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.9</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.375px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">124</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 85.4023px; width: 356.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.9</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.2656px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(81)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.527px; width: 352.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based payment costs (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5.1</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.3185px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,149</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,539</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.215px; width: 147.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Increase/(decrease) in provisions and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.887px; width: 354.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">retirement benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">22,118</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">32,230</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,465</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.59px; width: 157.934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate effects on provisions and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 164.262px; width: 357.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">retirement benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,846)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,277</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,238)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 181.965px; width: 138.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment for remeasurements of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.637px; width: 360.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">retirement benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 113.069px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(119)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">615</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 217.668px; width: 160.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment of provisions and retirement </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 230.34px; width: 159.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">benefit obligations related to acquisition </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 243.012px; width: 375.551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of businesses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.539px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,088)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 260.715px; width: 165.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Unrealised gain/(loss) on fair value hedge </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 273.387px; width: 360.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">through profit or loss (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.9</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(5,098)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(662)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,448</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 293.527px; width: 375.281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 221.871px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,935</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,988)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,228</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 313.777px; width: 215.549px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total other non-cash items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.984px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 215.549px; top: 313.777px; width: 134.408px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,029</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,517</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22,509</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Change in working capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:299.703125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.727px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 198.334px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 373.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.033px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(9,038)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 28.2949px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7,423)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(4,767)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 369.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.363px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(7,179)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(14,210)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(9,917)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 355.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables and prepayments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.7384px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(4,544)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,063)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(968)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 367.746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3,240</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,019</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 30.2988px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,717</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.668px; width: 370.283px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,288</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 35.127px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,099</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,006</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.355px; width: 137.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment for payables related to </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.027px; width: 365.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.685px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(3,520)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2,432)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,567)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.73px; width: 132.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment related to acquisition </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.402px; width: 372.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of businesses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.58px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,134</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 49.5232px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(143)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.105px; width: 118.84px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other non-current receivables </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 80px; top: 184.652px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffdf; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.777px; width: 66.334px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and prepayments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 241.672px; top: 186.762px; width: 139.031px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,586)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,224)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">61</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 126.125px; top: 203.777px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffdf; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.902px; width: 108.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other non-current liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 250.312px; top: 205.887px; width: 132.967px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(166)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">89</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">260)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.59px; width: 144.562px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Change in working capital including </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 236.262px; width: 357.287px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.984px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,371)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(12,145)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(6,838)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 255.387px; width: 359.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.645px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,376</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,235)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,303</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 274.527px; width: 203.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash flow change in working capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2752px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 203.508px; top: 274.527px; width: 142.066px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(11,995)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffe0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,380)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.8008px; font-size: 9.75px; font-family: ffdf; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(5,535)</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 290.34px; width: 328.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffdf; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Other non-current receivables and prepayments and Other non-current liabilities relating to 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.495px; width: 0px; font-size: 8.25px; font-family: ffdf; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">023 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 2022 have been reclassified from Total other non-cash items to Cash flow changes in operatin<span class="_ _0"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets, net.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.8 Financial assets and liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:570.28125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.6406px; width: 109.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.8867px; width: 367.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,530</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">571</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.7617px; width: 366.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.684px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0938px; width: 145.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.1367px; width: 355.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.512px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,183</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,409</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 118.137px; width: 332.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging instruments (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,344</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.012px; width: 368.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.803px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">747</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">682</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.887px; width: 369.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,996</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,729</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.59px; width: 139.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables and prepayments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.262px; width: 362.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(current and non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.893px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,628</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,498</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.137px; width: 357.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less prepayments and VAT receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,312)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.012px; width: 366.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.887px; width: 345.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.449px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,744</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,989</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.777px; width: 356.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables eligible for factoring</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,041</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 268.109px; width: 168.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.137px; width: 357.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,041</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.484px; width: 124.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.512px; width: 356.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">206</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,783</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 335.906px; width: 123.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 352.137px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 370.484px; width: 112.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.512px; width: 360.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments (liability)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 161.359px; top: 397.262px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 399.387px; width: 140.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (non-current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 399.387px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">89,674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 414.137px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 416.262px; width: 122.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 416.262px; width: 91.0781px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,113</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.137px; width: 370.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,846</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,606</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 450.012px; width: 367.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 466.887px; width: 366.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,993</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,705</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 483.762px; width: 367.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less VAT and duties payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.723px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(960)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(600)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 502.109px; width: 126.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities measured at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 514.137px; width: 363.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.541px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">80,906</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 532.469px; width: 137.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.512px; width: 356.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">176,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">220</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,178</span></span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 560.918px; width: 273.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Refer to note </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;"> for a maturity analysis for non-current and current borrowings.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement hierarchy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 275.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.965px; top: 19.1367px; width: 90.8848px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,833</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,052</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 38.2617px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 259.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 259.113px; top: 57.4023px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,303</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 256.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.6px; top: 76.5273px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,462</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">51,794</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 374.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 114.793px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 357.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 261.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.809px; top: 153.043px; width: 85.9746px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets and liabilities measured at fair value can be categorised using the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value measurement hierarchy above. There were no transfers between the 'Active </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market data' and 'Directly or indirectly observable market data' categories during <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="ls30 ws36">2023</span>. The fair value of issued Eurobonds, which is disclosed in note 4.6, are based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on 'Active market data'. There are no significant intangible assets or items of property,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">plant and equipment measured at fair value.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash at bank at 31 December <span class="ls30 ws36">2024</span> includes DKK <span class="ls30 ws36">867 million</span> that is restricted (DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">857 million in 2023<span class="ls0 ws0">). The restricted cash balance relates to subsidiaries in which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">availability of currency for remittance of funds is temporarily scarce.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:570.28125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.6406px; width: 109.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.8867px; width: 367.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,530</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">571</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.7617px; width: 366.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.684px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0938px; width: 145.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.1367px; width: 355.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.512px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,183</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,409</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 118.137px; width: 332.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging instruments (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,344</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.012px; width: 368.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.803px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">747</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">682</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.887px; width: 369.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,996</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,729</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.59px; width: 139.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables and prepayments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.262px; width: 362.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(current and non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.893px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,628</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,498</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.137px; width: 357.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less prepayments and VAT receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,312)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.012px; width: 366.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.887px; width: 345.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.449px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,744</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,989</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.777px; width: 356.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables eligible for factoring</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,041</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 268.109px; width: 168.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.137px; width: 357.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,041</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.484px; width: 124.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.512px; width: 356.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">206</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,783</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 335.906px; width: 123.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 352.137px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 370.484px; width: 112.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.512px; width: 360.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments (liability)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 161.359px; top: 397.262px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 399.387px; width: 140.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (non-current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 399.387px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">89,674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 414.137px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 416.262px; width: 122.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 416.262px; width: 91.0781px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,113</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.137px; width: 370.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,846</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,606</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 450.012px; width: 367.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 466.887px; width: 366.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,993</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,705</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 483.762px; width: 367.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less VAT and duties payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.723px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(960)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(600)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 502.109px; width: 126.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities measured at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 514.137px; width: 363.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.541px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">80,906</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 532.469px; width: 137.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.512px; width: 356.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">176,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">220</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,178</span></span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 560.918px; width: 273.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Refer to note </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;"> for a maturity analysis for non-current and current borrowings.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement hierarchy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 275.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.965px; top: 19.1367px; width: 90.8848px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,833</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,052</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 38.2617px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 259.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 259.113px; top: 57.4023px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,303</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 256.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.6px; top: 76.5273px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,462</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">51,794</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 374.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 114.793px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 357.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 261.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.809px; top: 153.043px; width: 85.9746px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets and liabilities measured at fair value can be categorised using the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value measurement hierarchy above. There were no transfers between the 'Active </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market data' and 'Directly or indirectly observable market data' categories during <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="ls30 ws36">2023</span>. The fair value of issued Eurobonds, which is disclosed in note 4.6, are based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on 'Active market data'. There are no significant intangible assets or items of property,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plant and equipment measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:570.28125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.6406px; width: 109.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.8867px; width: 367.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,530</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">571</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.7617px; width: 366.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.684px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0938px; width: 145.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.1367px; width: 355.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.512px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,183</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,409</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 118.137px; width: 332.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging instruments (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,344</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.012px; width: 368.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.803px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">747</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">682</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.887px; width: 369.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,996</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,729</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.59px; width: 139.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables and prepayments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.262px; width: 362.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(current and non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.893px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,628</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,498</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.137px; width: 357.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less prepayments and VAT receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,312)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.012px; width: 366.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.887px; width: 345.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.449px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,744</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,989</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.777px; width: 356.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables eligible for factoring</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,041</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 268.109px; width: 168.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.137px; width: 357.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,041</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.484px; width: 124.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.512px; width: 356.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">206</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,783</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 335.906px; width: 123.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 352.137px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 370.484px; width: 112.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.512px; width: 360.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments (liability)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 161.359px; top: 397.262px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 399.387px; width: 140.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (non-current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 399.387px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">89,674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 414.137px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 416.262px; width: 122.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 416.262px; width: 91.0781px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,113</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.137px; width: 370.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,846</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,606</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 450.012px; width: 367.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 466.887px; width: 366.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,993</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,705</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 483.762px; width: 367.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less VAT and duties payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.723px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(960)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(600)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 502.109px; width: 126.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities measured at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 514.137px; width: 363.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.541px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">80,906</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 532.469px; width: 137.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.512px; width: 356.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">176,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">220</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,178</span></span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 560.918px; width: 273.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Refer to note </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;"> for a maturity analysis for non-current and current borrowings.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement hierarchy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 275.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.965px; top: 19.1367px; width: 90.8848px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,833</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,052</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 38.2617px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 259.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 259.113px; top: 57.4023px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,303</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 256.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.6px; top: 76.5273px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,462</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">51,794</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 374.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 114.793px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 357.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 261.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.809px; top: 153.043px; width: 85.9746px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets and liabilities measured at fair value can be categorised using the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value measurement hierarchy above. There were no transfers between the 'Active </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market data' and 'Directly or indirectly observable market data' categories during <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="ls30 ws36">2023</span>. The fair value of issued Eurobonds, which is disclosed in note 4.6, are based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on 'Active market data'. There are no significant intangible assets or items of property,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plant and equipment measured at fair value.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:570.28125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.6406px; width: 109.658px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.8867px; width: 367.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,530</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">571</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 51.7617px; width: 366.223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 191.684px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,653</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,838</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0938px; width: 145.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 82.1367px; width: 355.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.512px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,183</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,409</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 118.137px; width: 332.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging instruments (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,344</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.012px; width: 368.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.803px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">747</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">682</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.887px; width: 369.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">25,996</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">31,729</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.59px; width: 139.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables and prepayments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.262px; width: 362.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(current and non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.893px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">16,628</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,498</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.137px; width: 357.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less prepayments and VAT receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.0529px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(13,282)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(8,312)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.012px; width: 366.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash at bank (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.4</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.361px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">15,655</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">14,392</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.887px; width: 345.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.449px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,744</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,989</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.777px; width: 356.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade receivables eligible for factoring</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.305px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,041</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 268.109px; width: 168.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial assets at fair value through other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 280.137px; width: 357.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.205px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">45,953</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">33,041</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.484px; width: 124.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.512px; width: 356.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">110,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">206</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">99,783</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 335.906px; width: 123.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities by category</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 352.137px; width: 356.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivative financial instruments (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.5</span></span><span style="display: inline-block;">)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.035px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 370.484px; width: 112.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Derivatives used as hedging </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 382.512px; width: 360.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">instruments (liability)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.369px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 161.359px; top: 397.262px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 399.387px; width: 140.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (non-current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 399.387px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">89,674</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 414.137px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe1; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 416.262px; width: 122.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings (current) (note </span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;">)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 290.172px; top: 416.262px; width: 91.0781px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13,113</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,478</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.137px; width: 370.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.295px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">28,846</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,606</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 450.012px; width: 367.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (non-current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.49px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 466.887px; width: 366.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other liabilities (current)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">37,993</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,705</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 483.762px; width: 367.834px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">•</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 6.75585px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">less VAT and duties payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.723px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(960)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.3866px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(600)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 502.109px; width: 126.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial liabilities measured at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 514.137px; width: 363.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.541px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">168,689</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">80,906</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 532.469px; width: 137.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at the end </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 544.512px; width: 356.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of the year by category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.304px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">176,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">220</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,178</span></span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 560.918px; width: 273.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1. Refer to note </span><span class="pp-font-color-override-2" style="word-spacing: 0.00825px; letter-spacing: -0.00825px; display: inline-block; margin-left: 0px; font-size: 8.25px; font-family: ffe1; -webkit-text-stroke: 0.12375px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4.6</span></span><span style="display: inline-block;"> for a maturity analysis for non-current and current borrowings.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement hierarchy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 275.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.965px; top: 19.1367px; width: 90.8848px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,833</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,052</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 38.2617px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 259.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 259.113px; top: 57.4023px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,303</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 256.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.6px; top: 76.5273px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,462</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">51,794</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 374.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 114.793px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 357.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 261.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.809px; top: 153.043px; width: 85.9746px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets and liabilities measured at fair value can be categorised using the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value measurement hierarchy above. There were no transfers between the 'Active </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market data' and 'Directly or indirectly observable market data' categories during <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="ls30 ws36">2023</span>. The fair value of issued Eurobonds, which is disclosed in note 4.6, are based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on 'Active market data'. There are no significant intangible assets or items of property,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plant and equipment measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement hierarchy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 381.07px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 245.619px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 275.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 275.965px; top: 19.1367px; width: 90.8848px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,833</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,052</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 38.2617px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,326</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,344</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 259.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 259.113px; top: 57.4023px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">47,303</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 256.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial assets at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 256.6px; top: 76.5273px; width: 90.4512px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">64,462</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">51,794</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 374.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Active market data (level 1)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.934px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.793px; width: 264.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Directly or indirectly observable market data (level 2)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.4395px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 264.791px; top: 114.793px; width: 86.5723px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.918px; width: 357.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Not based on observable market data (level 3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 100.617px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.043px; width: 261.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial liabilities at fair value</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.65px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.809px; top: 153.043px; width: 85.9746px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,531</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe2; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,272</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets and liabilities measured at fair value can be categorised using the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value measurement hierarchy above. There were no transfers between the 'Active </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market data' and 'Directly or indirectly observable market data' categories during <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or <span class="ls30 ws36">2023</span>. The fair value of issued Eurobonds, which is disclosed in note 4.6, are based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on 'Active market data'. There are no significant intangible assets or items of property,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plant and equipment measured at fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash at bank at 31 December <span class="ls30 ws36">2024</span> includes DKK <span class="ls30 ws36">867 million</span> that is restricted (DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">857 million in 2023<span class="ls0 ws0">). The restricted cash balance relates to subsidiaries in which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">availability of currency for remittance of funds is temporarily scarce.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depending on purpose, Novo Nordisk classifies financial instruments into the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following categories:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Derivatives used as hedging instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial assets at fair value through other comprehensive income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•<span class="_ _3e"> </span>Financial liabilities at amortised cost</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets measured at fair value through the income statement consist of other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets, which comprise of equity investments, and marketable securities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These financial instruments are initially recognised at fair value. Net gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arising from changes in the fair value of equity instruments and marketable securities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are recognised in the income statement as financial income or expenses. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For a description of accounting policies on derivative financial instruments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging instruments,<span class="ls0 ws0"> refer to note </span>4.5<span class="ls0 ws0">.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at amortised cost are cash at bank and non-derivative financial assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">solely with payments of principal and interest. Novo Nordisk normally 'holds-to-collect' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial assets to attain the contractual cash flows. If collection is expected within </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one year (or in the normal operating cycle of the business, if longer), they are classified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as current assets. If not, they are presented as non-current assets. These are initially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured at fair value less transaction costs, except for trade receivables that are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">initially measured at the transaction price. Subsequently, they are measured at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amortised cost using the effective interest method less impairment. For a description </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of accounting policies on trade receivables, refer to note <span class="_ _0"/><span class="ls30 ws36">3.4<span class="ls0 ws0">.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets at fair value through other comprehensive income are trade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables that are held to collect or to sell in factoring agreements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial liabilities at amortised cost consist of borrowings (issued Eurobonds, bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">overdrafts and lease liabilities), trade payables and other liabilities (primarily accruals </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for promotional and distribution activities, accrued employee-related costs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accrued payables related to assets under construction). These are initially recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the fair value less transaction costs. Subsequently, they are measured at amortised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost using the effective interest method. For initial recognition of lease liabilities refer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">to note <span class="ls30 ws36">4.6</span>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If an active market exists, the fair value of a financial instrument is based on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">most recently observed market price at the end of the reporting period. If a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instrument is quoted in a market that is not active, Novo Nordisk bases its valuation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the most recent transaction price. Adjustment is made for subsequent changes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in market conditions, for instance by including transactions in similar financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments assumed to be motivated by normal business considerations. The fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of quoted investments are based on current bid prices at the end of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial assets for which no active market exists are carried at fair value based on a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">valuation methodology. The fair value of such financial instruments are determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the basis of quoted market prices of financial instruments traded in active markets. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of standard and simple financial instruments, such as foreign exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forward contracts, interest rate swaps, currency swaps and unlisted bonds, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured according to generally accepted valuation techniques. Market-based input </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is used to measure the fair value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of trade receivables held to collect or sell in factoring agreements is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated based on the net invoice amount (invoice amount less charge-backs) less </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fee payable to the factoring entity. The factoring fee is insignificant due to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">short period between the time of sale to the factoring entity and the invoice due date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the rate applicable. Inputs into the estimate of US wholesaler charge-backs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described in note <span class="ls30 ws36">2.1</span>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.9 Financial income and expenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:355.15625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 67.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 72.2188px; top: 36.1367px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe3; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 60.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.281px; top: 38.2617px; width: 146.941px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,069</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">239</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 367.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange gain (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">308</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.0898px; width: 112.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial gain from forward </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7617px; width: 371.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">contracts (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,358</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 106.887px; width: 360.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital gain on marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4239px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">143</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.012px; width: 365.455px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">81</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.152px; width: 212.502px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.928px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 212.502px; top: 145.152px; width: 146.924px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,198</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,945</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">239</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 164.922px; width: 73.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.48px; width: 121.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest expenses on debts and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.152px; width: 372.65px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">borrowings</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 180.023px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,640</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 218.277px; width: 364.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange loss (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.98px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,381</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,885</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 235.98px; width: 111.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial loss from forward </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.652px; width: 375.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">contracts (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.94px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,766</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.777px; width: 364.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital loss on investments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">124</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 286.918px; width: 361.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital loss on marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.1154px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">463</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 306.043px; width: 363.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.832px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 325.168px; width: 364.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.319px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">197</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">181</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 344.293px; width: 209.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.279px; top: 344.293px; width: 147.141px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,346</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">845</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,986</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Interest income include DKK <span class="ls38 ws40">399</span> million from marketable securities at fair valu<span class="_ _0"/>e through the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement (2023: DKK <span class="ls38 ws40">370 million; 2022: DKK 78 million) while the remaining interest income </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is derived from financial assets at amortised cost.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial impact from forward contracts, specified</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:162.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.2305px; width: 144.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(loss) transferred from other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 363.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,740)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.6055px; width: 131.314px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised fair value adjustment of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 60.7461px; width: 364.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">transferred contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.709px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,903)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,772)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 77.9648px; width: 143.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Unrealised fair value adjustments of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 80px; top: 89.0117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe3; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 91.1211px; width: 68.4902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.234px; top: 91.1367px; width: 148.67px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,558</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(540)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,202)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.355px; width: 161.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised foreign exchange gain/(loss) on </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.496px; width: 367.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,091</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">644</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,948</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.844px; width: 131.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income/(expense) from </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.871px; width: 213.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.037px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 213.527px; top: 151.871px; width: 146.795px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,358</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,766)</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">2. Refer to note 4.5 for information on open fair value hedge contracts at 31 December.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has chosen to classify the result of hedging activities as part of financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">items in the income statement, except for foreign currency-risk cash flow hedges on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable non-financial asset purchases where the cumulative value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are transferred directly from the cash flow hedge reserve to the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of the asset when recognised.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:355.15625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 67.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 72.2188px; top: 36.1367px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe3; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 60.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 233.281px; top: 38.2617px; width: 146.941px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,838</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,069</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">239</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.3867px; width: 367.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange gain (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.082px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">308</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.0898px; width: 112.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial gain from forward </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7617px; width: 371.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">contracts (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 166.6px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,358</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 106.887px; width: 360.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital gain on marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.4239px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">143</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.012px; width: 365.455px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.361px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">81</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.152px; width: 212.502px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.928px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 212.502px; top: 145.152px; width: 146.924px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">6,198</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,945</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">239</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 164.922px; width: 73.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.48px; width: 121.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest expenses on debts and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 199.152px; width: 372.65px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">borrowings</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 180.023px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,640</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">542</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">378</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 218.277px; width: 364.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign exchange loss (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.98px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5,381</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,885</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 235.98px; width: 111.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial loss from forward </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.652px; width: 375.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">contracts (net)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.94px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,766</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.777px; width: 364.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital loss on investments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.471px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">19</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">106</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">124</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 286.918px; width: 361.635px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Capital loss on marketable securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.1154px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">463</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 306.043px; width: 363.486px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Result of associated companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.832px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.1074px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">189</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 325.168px; width: 364.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.319px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">197</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">181</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 344.293px; width: 209.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.207px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.279px; top: 344.293px; width: 147.141px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">7,346</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">845</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,986</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Interest income include DKK <span class="ls38 ws40">399</span> million from marketable securities at fair valu<span class="_ _0"/>e through the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement (2023: DKK <span class="ls38 ws40">370 million; 2022: DKK 78 million) while the remaining interest income </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is derived from financial assets at amortised cost.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial impact from forward contracts, specified</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:162.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.2305px; width: 144.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income/(loss) transferred from other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.3867px; width: 363.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.982px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,612</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,740)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.6055px; width: 131.314px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised fair value adjustment of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 60.7461px; width: 364.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">transferred contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.709px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(2,903)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">214</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(3,772)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 77.9648px; width: 143.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Unrealised fair value adjustments of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 80px; top: 89.0117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe3; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 91.1211px; width: 68.4902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 232.234px; top: 91.1367px; width: 148.67px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,558</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(540)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,202)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.355px; width: 161.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised foreign exchange gain/(loss) on </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.496px; width: 367.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.996px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,091</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">644</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,948</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.844px; width: 131.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income/(expense) from </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 151.871px; width: 213.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">forward contracts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.037px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 213.527px; top: 151.871px; width: 146.795px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4,358</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.1935px; font-size: 9.75px; font-family: ffe4; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,344</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 32.4551px; font-size: 9.75px; font-family: ffe3; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(1,766)</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. Refer to note 4.5 for information on open fair value hedge contracts at 31 December.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has chosen to classify the result of hedging activities as part of financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">items in the income statement, except for foreign currency-risk cash flow hedges on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">highly probable non-financial asset purchases where the cumulative value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are transferred directly from the cash flow hedge reserve to the initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of the asset when recognised.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.1 Share-based payment schemes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-based payment expensed in the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:140.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 374.93px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 354.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Restricted stock units to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.5858px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">380</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">365</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">265</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.8398px; width: 178.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term share-based incentive programme </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.5117px; width: 364.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Management Board)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">314</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">304</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">250</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 67.2148px; width: 178.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term share-based incentive programme </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 79.8867px; width: 342.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Management group below Management Board)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,271</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">819</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 349.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Restricted stock units to individual employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">192</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">209</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">205</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 117.359px; width: 149.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based payment expensed in the </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 129.387px; width: 226.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 226.723px; top: 129.387px; width: 128.221px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">149</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,539</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted stock units to employees</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In connection with Novo Nordisk's 100 year anniversary and in appreciation of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">efforts of employees during recent years, as of 1 February 2023, all eligible employees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the company were offered <span class="ls30 ws36">74</span> restricted stock units. Each restricted stock unit gives </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the holder the right to receive <span class="ls30 ws36">one</span> Novo Nordisk B share free of charge in August </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2026, subject to continued employment. The cost of the <span class="_ _0"/><span class="ls30 ws36">DKK 1,331 million<span class="ls0 ws0"> programme </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">is amortised over the vesting period.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Long-term share-based incentive programme</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management Board</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The LTIPs commenced </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in 2022, 2023 and 2024 h<span class="ls0 ws0">ave a three-year performance </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period, subject to continued employment, and a subsequent <span class="_ _0"/><span class="ls30 ws36">two<span class="ls0 ws0">-year</span> holding </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period. Targets are set at the beginning of the performance period and include </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determination of threshold, on-target level of performance and level of performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to achieve maximum allocation of shares. The maximum share allocation at grant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cannot exceed <span class="ls30 ws36">30</span> months' base salary for the CEO, <span class="ls30 ws36">24</span> months' base salary for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">executive vice presidents and up to <span class="ls30 ws36">15.6</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> months' base salary for senior vice presidents.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hence the LTIP is capped at a number of shares at the time of grant. For 2024 onward,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Board sets both financial and non-financial targets for a <span class="_ _0"/>three-year<span class="ls30 ws36"> period which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are linked to three-year average growth in sales, operating profit and non-financi<span class="_ _0"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance. All targets are aligned to Novo Nordisk's Strategic Aspirations 2025: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Purpose &amp; Sustainability, Innovation &amp; Therapeutic Focus, Commercial Execution and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financials. Target achievement is assessed by the Board. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The grant date of the 2024-programme was 31 January 2024, and the share price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used for the determining the grant date fair value of the award</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> (DKK 767) was the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">average share price for Novo Nordisk B shares on Nasdaq Copenhagen in the period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">31 January 2024 to 13 February 2024, adjusted for the expected divi<span class="_ _0"/>dend. Based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the split of participants at the grant date, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">50%<span class="ls0 ws0"> of the shares is allocated to members </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of Executive Management and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">50%<span class="ls0 ws0"> to other members of the Management Board.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All restricted stock units and shares allocated to Management are settled by transfers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of treasury shares at the time of vesting.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management group below the Management Board</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Management group below the Management Board has a share-based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incentive programme with similar performance criteria as Management Board. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For 2024 onward, the Board sets both financial and non-financial targets for a<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three-year period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 31 December 2024, a total of <span class="ls30 ws36">13.3 million</span> shares (<span class="ls30 ws36">18.9 million in 2023 and 21.4 </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">million in 2022) were outstanding including all ongoing programmes.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk operates equity-settled, share-based compensation plans.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the employee services received in exchange for the grant of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shares is recognised as an expense and allocated over the vesting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total amount to be expensed over the performance and vesting period is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined by reference to the fair value of the shares granted, excluding the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact of any non-market vesting conditions. The fair value is fixed at the grant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date, and adjusted for expected dividends during the vesting period. Non-market </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vesting conditions are included in assumptions about the number of shares that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are expected to vest. At the end of each reporting period, Novo Nordisk revises its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates of the number of shares expected to vest. Novo Nordisk recognises the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact of the revision of the original estimates, if any, in the income statement and in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a corresponding adjustment to equity (change in proceeds) over the remaining vesting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period. Adjustments relating to previous years are included in the income statement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the year of adjustment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">General terms and conditions of 2022-2024 programmes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.02734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 482.688px; top: 0px; width: 47.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Employees' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 490.562px; top: 12.6719px; width: 36.2109px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">100 year </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 481.609px; top: 25.3438px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">anniversary </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.109px; top: 25.3438px; width: 104.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management group below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 481.609px; top: 38.0312px; width: 203.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">programme</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.0585px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Management Board</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 846.094px; top: 38.0312px; width: 286.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management Board</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.928px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Individual employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.5117px; width: 56.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Year of launch</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 522.453px; top: 57.5117px; width: 674.748px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 60.8205px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 205.438px; top: 73.5117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe9; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.6367px; width: 174.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Preliminary number of shares to be allocated</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.047px; top: 75.6367px; width: 997.207px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span>(million)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 227.73px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.0 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.1582px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.7 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1.5 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.1 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.2 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.8 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 94.7617px; width: 1172.94px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fair value per restricted stock unit at grant date (DKK)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.48px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">446 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">767 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">320 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">767 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">320 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">794 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">544 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">371 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.887px; width: 1127.71px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Performance and vesting period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.605px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.4824px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.4824px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 11.7129px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2025</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.012px; width: 1174.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allocation date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.17px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Aug 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2025</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.152px; width: 1162.21px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.731px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. The number of shares to be allocated under the LTIPs to Management Board and management group below Man<span class="_ _0"/>agement Board, respectively, may potentially be reduced or increased depending on whether Novo Nordisk's performance during the <span class="_ _d"/>3-year performance period is higher or lower compared to targets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined by the Board. The maximum number is capped.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-based payment expensed in the income statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:140.25px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 374.93px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 196.91px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 31.7227px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 354.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Restricted stock units to employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.5858px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">380</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">365</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">265</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.8398px; width: 178.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term share-based incentive programme </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.5117px; width: 364.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Management Board)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">314</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.4143px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">304</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">250</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 67.2148px; width: 178.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term share-based incentive programme </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 79.8867px; width: 342.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Management group below Management Board)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.9727px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,403</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,271</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">819</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.0117px; width: 349.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Restricted stock units to individual employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">192</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">209</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.3652px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">205</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 117.359px; width: 149.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based payment expensed in the </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 129.387px; width: 226.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.221px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 226.723px; top: 129.387px; width: 128.221px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,289</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33px; font-size: 9.75px; font-family: ffe6; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">149</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.1562px; font-size: 9.75px; font-family: ffe5; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,539</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Long-term share-based incentive programme</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management Board</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The LTIPs commenced </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in 2022, 2023 and 2024 h<span class="ls0 ws0">ave a three-year performance </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period, subject to continued employment, and a subsequent <span class="_ _0"/><span class="ls30 ws36">two<span class="ls0 ws0">-year</span> holding </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period. Targets are set at the beginning of the performance period and include </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determination of threshold, on-target level of performance and level of performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to achieve maximum allocation of shares. The maximum share allocation at grant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cannot exceed <span class="ls30 ws36">30</span> months' base salary for the CEO, <span class="ls30 ws36">24</span> months' base salary for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">executive vice presidents and up to <span class="ls30 ws36">15.6</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> months' base salary for senior vice presidents.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hence the LTIP is capped at a number of shares at the time of grant. For 2024 onward,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Board sets both financial and non-financial targets for a <span class="_ _0"/>three-year<span class="ls30 ws36"> period which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are linked to three-year average growth in sales, operating profit and non-financi<span class="_ _0"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance. All targets are aligned to Novo Nordisk's Strategic Aspirations 2025: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Purpose &amp; Sustainability, Innovation &amp; Therapeutic Focus, Commercial Execution and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financials. Target achievement is assessed by the Board. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The grant date of the 2024-programme was 31 January 2024, and the share price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">used for the determining the grant date fair value of the award</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> (DKK 767) was the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">average share price for Novo Nordisk B shares on Nasdaq Copenhagen in the period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">31 January 2024 to 13 February 2024, adjusted for the expected divi<span class="_ _0"/>dend. Based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the split of participants at the grant date, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">50%<span class="ls0 ws0"> of the shares is allocated to members </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of Executive Management and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">50%<span class="ls0 ws0"> to other members of the Management Board.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All restricted stock units and shares allocated to Management are settled by transfers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of treasury shares at the time of vesting.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management group below the Management Board</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Management group below the Management Board has a share-based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incentive programme with similar performance criteria as Management Board. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For 2024 onward, the Board sets both financial and non-financial targets for a<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three-year period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 31 December 2024, a total of <span class="ls30 ws36">13.3 million</span> shares (<span class="ls30 ws36">18.9 million in 2023 and 21.4 </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million in 2022) were outstanding including all ongoing programmes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">General terms and conditions of 2022-2024 programmes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:163.02734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 482.688px; top: 0px; width: 47.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Employees' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 490.562px; top: 12.6719px; width: 36.2109px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">100 year </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 481.609px; top: 25.3438px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">anniversary </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.109px; top: 25.3438px; width: 104.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management group below </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 481.609px; top: 38.0312px; width: 203.162px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">programme</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.0585px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Management Board</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 846.094px; top: 38.0312px; width: 286.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management Board</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.928px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Individual employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 56.5117px; width: 56.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Year of launch</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 522.453px; top: 57.5117px; width: 674.748px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 60.8205px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe8; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.756px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 205.438px; top: 73.5117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffe9; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 75.6367px; width: 174.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Preliminary number of shares to be allocated</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 209.047px; top: 75.6367px; width: 997.207px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span>(million)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 227.73px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.0 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 18.1582px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.6 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.7 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1.5 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.1 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.8165px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.2 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.3 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">0.8 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 94.7617px; width: 1172.94px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fair value per restricted stock unit at grant date (DKK)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.48px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">446 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">767 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">320 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">767 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 10.2715px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">456 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">320 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">794 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 9.60352px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.133px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">544 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">371 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.887px; width: 1127.71px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Performance and vesting period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.605px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 24.252px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.0254px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.1602px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.4824px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 20.25px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2024 to 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 16.4824px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2023 to 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 11.7129px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022 to 2025</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.012px; width: 1174.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allocation date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.17px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Aug 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 41.8065px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 36.9316px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 34.0781px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 29.9062px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Feb 2025</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2027</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.9395px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2026</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 48.246px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2025</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.152px; width: 1162.21px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.731px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2384px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffe9; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3 years</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. The number of shares to be allocated under the LTIPs to Management Board and management group below Man<span class="_ _0"/>agement Board, respectively, may potentially be reduced or increased depending on whether Novo Nordisk's performance during the <span class="_ _d"/>3-year performance period is higher or lower compared to targets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined by the Board. The maximum number is capped.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Remuneration to Executive Management and Board of Directors </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:142.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 360.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary and short-term incentive</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">180</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">173</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">141</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 377.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Pension</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 37.2344px; top: 53.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 32.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Benefits</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 246.078px; top: 55.3711px; width: 138.1px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">55</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.4062px; top: 72.3711px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.4961px; width: 79.8691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term incentive</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.969px; top: 74.4961px; width: 141.047px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">121</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">97</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 91.4961px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6211px; width: 122.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive Management in total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.969px; top: 93.6211px; width: 140.607px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">365</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">330</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 118.703px; top: 110.621px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.746px; width: 103.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fees to Board of Directors</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 246.078px; top: 112.746px; width: 137.379px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 131.871px; width: 235.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.047px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 235.945px; top: 131.871px; width: 141.018px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">388</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">352</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">280</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. In 2024, an amount of DKK 45.4<span class="ls0 ws0"> million relates to recruitment arrangements as well as </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a conditional amount payable at the end of employment. 2. Refer to note <span class="_ _0"/><span class="ls38 ws40">5.1<span class="ls0 ws0"> for further </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">information on share-based payment schemes. 3. Total remuneration for persons registered as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">members of Executive Management with the Danish Business Authority amounts to <span class="_ _0"/><span class="ls38 ws40">DKK 88 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls38 ws40">DKK 195 million in 2023 and DKK 175 million in 2022</span>). 4. All members of the Board of Directors </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are registered with the Danish Business Authority.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There were no transactions with the Board of Directors or Executive Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">besides remuneration. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There were no material unsettled balances with related parties at the end of the year.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk operates equity-settled, share-based compensation plans.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the employee services received in exchange for the grant of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shares is recognised as an expense and allocated over the vesting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total amount to be expensed over the performance and vesting period is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined by reference to the fair value of the shares granted, excluding the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact of any non-market vesting conditions. The fair value is fixed at the grant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date, and adjusted for expected dividends during the vesting period. Non-market </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vesting conditions are included in assumptions about the number of shares that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are expected to vest. At the end of each reporting period, Novo Nordisk revises its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates of the number of shares expected to vest. Novo Nordisk recognises the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact of the revision of the original estimates, if any, in the income statement and in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a corresponding adjustment to equity (change in proceeds) over the remaining vesting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period. Adjustments relating to previous years are included in the income statement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the year of adjustment.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.2 Commitments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:489.48046875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 0px; width: 229.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contractual obligations not recognised in the balance sheet</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.906px; top: 13.6836px; width: 20.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 26.3555px; width: 244.975px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million (undiscounted)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 102.832px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">Current</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.219px; top: 26.3555px; width: 90.9199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">current</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 46.125px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 30.7656px; top: 62.4805px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffea; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 64.6211px; width: 26.5312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leases</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 214.672px; top: 64.6055px; width: 159.943px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">288 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,893 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.7832px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,181</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 83.7305px; width: 344.391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,101 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">23,215 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">35,316</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 98.0586px; width: 151.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development – potential </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.5781px; top: 108.605px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffea; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 110.73px; width: 77.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">milestone payments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 214.672px; top: 110.73px; width: 157.91px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,076 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">32,507 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">34,583</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 128.434px; width: 155.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Commercial product launch – potential </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.5781px; top: 138.98px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffea; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 141.105px; width: 77.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">milestone payments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 214.672px; top: 141.105px; width: 159.047px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">384 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,543 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">16,927</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 158.809px; width: 174.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase obligations relating to investments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 171.48px; width: 347.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in property, plant and equipment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.2091px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,305 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">3,354 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">11,659</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 189.168px; width: 159.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase obligations relating to contract </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 201.84px; width: 360.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">manufacturers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.959px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,925 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">62,136 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">71,061</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 218.73px; width: 352.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other purchase obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5721px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">10,531 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,463 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18,994</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 237.062px; width: 127.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total obligations not recognised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 249.09px; width: 347.672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in the balance sheet</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.18px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">42,610 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 8.29688px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">150,111 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">192,721</span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 268.23px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2023</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 30.7656px; top: 285.23px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffea; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 287.355px; width: 26.5312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leases</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 214.672px; top: 287.355px; width: 162.146px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 27.8086px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">144 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,053 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 22.4297px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2,197 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 306.48px; width: 347.396px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2696px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,678 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,235 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.4668px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">21,913 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 324.184px; width: 151.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Research and development – potential </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.5781px; top: 334.73px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffea; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 336.855px; width: 77.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">milestone payments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 214.672px; top: 336.855px; width: 159.498px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,234 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,311 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.0156px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">28,545 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 354.559px; width: 155.145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Commercial product launch – potential </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.5781px; top: 365.105px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: ffea; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 367.23px; width: 77.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">milestone payments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 214.672px; top: 367.23px; width: 163.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.5px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">— </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,952 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.0156px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12,</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 0.386719px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">952 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 384.934px; width: 174.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase obligations relating to investments </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 397.605px; width: 351.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in property, plant and equipment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.2091px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">4,222 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,693 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 23.0859px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,915 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 415.293px; width: 159.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase obligations relating to contract </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 427.965px; width: 360.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">manufacturers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.959px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,315 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.08594px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">26,792 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 33.6211px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">33,107</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 447.105px; width: 355.471px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other purchase obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.5721px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,151 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 19.7578px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">5,888 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 13.6816px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 17.0156px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13,039 </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 466.578px; width: 127.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total obligations not recognised </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0.171875px; top: 478.605px; width: 351.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">in the balance sheet</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.18px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">27,744 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 5.46094px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 14.2852px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">89,924 </span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.9316px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 12.416px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">117,668 </span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Predominantly relates to estimated variable property taxes, leases committed but not yet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commenced and low value leases. 2. Potential milestone payments are associated with uncertainty </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">because they are linked to successful achievements in research activities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contractual obligations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development obligations include commitments relating to clinical trials, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent payments related to achieving development milestones. Such amounts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entail uncertainties in relation to the period in which payments are due because a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proportion of the obligations are dependent on milestone achievements. Exercise fees</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and subsequent milestone payments under in-licensing option agreements are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excluded, as Novo Nordisk is not contractually obligated to make such payments. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Commercial product launch milestones include contingent payments solely related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">achievement of a commercial product launch following regulatory approval. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">increase in research and development obligation is driven by the general increase in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business activities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Commercial milestones, royalties and other payments based on a percentage of sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">generated from sale of goods following marketing approval are excluded from the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contractual commitments analysis because of their contingent nature, related to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future sales. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Purchase obligations related to investments in property, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily relates to production capacity expansion projects. Novo Nordisk expects </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to fund these commitments with existing cash and cash flow from operations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Purchase obligations related to contract manufacturers relate to commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entered to secure future manufacturing capacity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other purchase <span class="_ _0"/>obligations mainly <span class="_ _0"/>consist of commitmen<span class="_ _0"/>ts related to <span class="_ _0"/>promotional and <span class="_ _0"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">media activities, <span class="_ _0"/>professional and <span class="_ _0"/>consulting activities <span class="_ _0"/>and strategic sourcing <span class="_ _0"/>contracts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The contractual obligations not recognised in the balance sheet represent contractual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments and are not discounted and are not risk-adjusted. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other guarantees</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other guarantees amount to <span class="ls30 ws36">DKK 2,380 million</span> (<span class="ls30 ws36">DKK 1,878 million in 2023</span>) and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily relate to performance guarantees issued by Novo Nordisk.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.3 Acquisition of businesses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value recognised at date of acquisition</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:343.90625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 354.594px; top: 0px; width: 19.4648px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 198.391px; top: 21.418px; width: 41.3379px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fill-finish </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 218.766px; top: 34.5742px; width: 19.7754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">sites </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 280.703px; top: 34.5742px; width: 24.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.7305px; width: 51.6328px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 195.984px; top: 47.7305px; width: 38.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(Catalent)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 253.828px; top: 47.7305px; width: 112.131px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">acquisitions</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 45.7676px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 66.8555px; width: 364.957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Know-how</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.723px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41,102</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">41,102</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.8086px; width: 145.389px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Intellectual property rights and other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 99.4805px; width: 357.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.506px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">311</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">52</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">363</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 118.605px; width: 343.447px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Property, plant and equipment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.9043px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">24,839</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">608</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">25,447</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 137.746px; width: 351.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax assets (liabilities), net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2733px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">992</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.994px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(7)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">985</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.871px; width: 366.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provisions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.953px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,084)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(1,084)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 175.996px; width: 357.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other net assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.219px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1,290</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(2)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">1,288</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 195.781px; width: 334.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net identifiable assets acquired</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">67,450</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">651</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">68,101</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 214.262px; width: 364.652px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Goodwill</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 169.148px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,293</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">15,323</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 234.031px; width: 352.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase price</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.08px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,743</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">681</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">83,424</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.09px; width: 103.705px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Settlement of pre-existing </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 263.762px; width: 364.506px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">relationships</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 157.84px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(597)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">(597)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 283.531px; width: 334.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash consideration transferred</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.994px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,146</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">681</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">82,827</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 302.027px; width: 364.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash acquired</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.934px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(664)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 58.7284px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffea; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(664)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 320.359px; width: 111.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash used for acquisition of </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 333.031px; width: 334.682px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">businesses; net of cash acquired</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">81,482</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">681</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 38.3614px; font-size: 9.75px; font-family: ffeb; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">82,163</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Business combinations in 2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Three<span class="ls30 ws36"> fill-finish sites (Catalent)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 18 December 2024, Novo Nordisk acquired three fill-fini<span class="_ _0"/>sh sites from Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Holdings A/S in connection with a transaction where Novo Holdings A/S acquired </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catalent, Inc. (“Catalent”), a global contract development and manufacturing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">organisation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The three fill-finish sites are specialised in the sterile filling of drugs and located<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bloomington (Indiana, US), Anagni (Italy) and Brussels (Belgium) and employ around </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3,500<span class="ls0 ws0"> people. </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk and Novo Holdings are related parties. Novo Nordisk’s Board of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Directors has approved the acquisition, finding it to be in the best interest of Novo </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nordisk and its shareholders. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Strategic rationale</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition of the fill-finish sites is aligned with Novo Nordisk’s strategy of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reaching more people living with diabetes and obesity with current and future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treatments. It is expected to enable an expansion of the manufacturing capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and provide future optionality and flexibility for Novo Nordisk’s existing supply </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">network. The acquisition is expected to gradually increase Novo Nordisk's filling </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and finish capacity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Details of the acquisition</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total cash consideration transferred was USD <span class="ls30 ws36">11,723 million</span> (DKK <span class="ls30 ws36">82,146 million</span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including hedging effects). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase price allocation for the acquisition is considered provisional since the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transaction was closed only on 18 December 2024, leaving limited time to identify </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and determine fair value of assets acquired and liabilities assumed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Know-how is primarily comprised of the documented processes and systems for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">efficient and large-scale production of GLP-1 products as well as know-how to expand </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capacity in an efficient way. The fair value of both property, plant and equipment and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">know-how incorporate a significant value of accelerated access to capacity as a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reflection of the current shortage of fill-finish capacity and high demand for GLP-1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products in the market. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill primarily reflects the value of a highly-skilled assembled workforce in place </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the three fill-finish sites and expected synergies from Novo Nordisk’s existing know-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">how and production capabilities. Goodwill is fully allocated to the Diabetes and Obesity</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">care segment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition related costs of DKK <span class="ls30 ws36">978 million</span> are included in other operating income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and expenses and a gain on pre-existing relationships of DKK <span class="_ _0"/><span class="ls30 ws36">597 million is included </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in cost of goods sold. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Had the business combination taken place on 1 January 2024, Net profit would have </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">likely included additional net costs of around DKK <span class="ls30 ws36">9 billion</span> reflectin<span class="_ _0"/>g significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">integration costs, amortisation of fair value adjustments made in purchase price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocation and interest expenses from planned borrowings incurred to finance the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transaction. Net sales would have remained largely unchanged as revenues from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">existing manufacturing and development contracts are included in Other operating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and expenses as these are not part of the main revenue-generating activities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of Novo Nordisk. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other acquisitions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other acquisitions of businesses in 2024 comprise the acquisition of a production </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">site in Ireland for a total purchase price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of DKK <span class="ls30 ws36">681 million</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING THE FAIR VALUE OF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS ACQUIRED IN A BUSINESS COMBINATION AND JUDGEMENT OF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">WHETHER INTANGIBLE ASSETS ACQUIRED IN A BUSINESS COMBINATION </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ARE SEPARATELY IDENTIFIABLE</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management makes judgements when determining whether intangible assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">such as know-how related to large-scale production of GLP-1 products as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">know-how to expand capacity in an efficient way, are separately identifiable. This </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">involves assessing if the know-how meets the separability criterion, which means it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">can be separated from the acquiree and sold, transferred, licensed, rented, or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exchanged independently.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The application of the acquisition method of accounting involves the use of significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates because the identifiable net assets of the acquiree are recognised at their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fair value for which observable market prices are typically not available. This is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">particularly relevant for assets which require use of valuation techniques typically </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on estimates of present value of future uncertain cash flows.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value is based on assumptions made by market participants, which in this </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business combination is assessed to be a company with similar needs and capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to acquire assets of the same nature and size as those of the acquired business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation of know-how identified in the acquisition is based on the multi-period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess earnings method, which is used to value unique assets that generate earnings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The economic benefit of the know-how is comprised by net cash flows attributable to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the asset which also includes the benefit of accelerated access to production capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compared to a greenfield construction scenario without the know-how required for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial production at scale. The net present value of future estimated cash flows </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is based on projections of sales volumes and prices, valuation period and royalty rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation of property, plant and equipment identified in the acquisition of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three fill-finish sites is mainly based on the depreciated replacement cost method in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination with the present value of accelerated access to production facilities. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated replacement cost method reflects adjustments for physical deterioration </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as well as functional and economic obsolescence. Land has been valued using the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">market approach based on comparable transactions.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition method of accounting is used to account for all business combinations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase price for a business comprises the fair values of the assets transferred, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities incurred to the former owners including warrant holders of the acquired </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business and the fair value of any asset or liability resulting from a contingent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consideration arrangement. Any amount of the purchase price which effectively </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises a settlement of a pre-existing relationship is not part of the exchange for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquiree and is therefore not included in the consideration for the purpose of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applying the acquisition method. Settlements of pre-existing relationships are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounted for as separate transactions in accordance with the relevant <span class="_ _0"/>IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identifiable assets and liabilities and contingent liabilities assumed are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the date of acquisition by applying relevant valuation methods. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition-related costs are expensed as incurred. Goodwill is recognised at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess of purchase price over the fair value of net identifiable assets acquired and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities assumed.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition method of accounting is used to account for all business combinations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase price for a business comprises the fair values of the assets transferred, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities incurred to the former owners including warrant holders of the acquired </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business and the fair value of any asset or liability resulting from a contingent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consideration arrangement. Any amount of the purchase price which effectively </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises a settlement of a pre-existing relationship is not part of the exchange for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquiree and is therefore not included in the consideration for the purpose of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applying the acquisition method. Settlements of pre-existing relationships are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounted for as separate transactions in accordance with the relevant <span class="_ _0"/>IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identifiable assets and liabilities and contingent liabilities assumed are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the date of acquisition by applying relevant valuation methods. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition-related costs are expensed as incurred. Goodwill is recognised at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess of purchase price over the fair value of net identifiable assets acquired and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities assumed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">KEY ACCOUNTING ESTIMATES IN DETERMINING THE FAIR VALUE OF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASSETS ACQUIRED IN A BUSINESS COMBINATION AND JUDGEMENT OF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">WHETHER INTANGIBLE ASSETS ACQUIRED IN A BUSINESS COMBINATION </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ARE SEPARATELY IDENTIFIABLE</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management makes judgements when determining whether intangible assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">such as know-how related to large-scale production of GLP-1 products as well as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">know-how to expand capacity in an efficient way, are separately identifiable. This </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">involves assessing if the know-how meets the separability criterion, which means it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">can be separated from the acquiree and sold, transferred, licensed, rented, or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exchanged independently.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The application of the acquisition method of accounting involves the use of significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates because the identifiable net assets of the acquiree are recognised at their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fair value for which observable market prices are typically not available. This is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">particularly relevant for assets which require use of valuation techniques typically </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on estimates of present value of future uncertain cash flows.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value is based on assumptions made by market participants, which in this </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business combination is assessed to be a company with similar needs and capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to acquire assets of the same nature and size as those of the acquired business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation of know-how identified in the acquisition is based on the multi-period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess earnings method, which is used to value unique assets that generate earnings. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The economic benefit of the know-how is comprised by net cash flows attributable to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the asset which also includes the benefit of accelerated access to production capacity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compared to a greenfield construction scenario without the know-how required for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial production at scale. The net present value of future estimated cash flows </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is based on projections of sales volumes and prices, valuation period and royalty rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation of property, plant and equipment identified in the acquisition of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three fill-finish sites is mainly based on the depreciated replacement cost method in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination with the present value of accelerated access to production facilities. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciated replacement cost method reflects adjustments for physical deterioration </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as well as functional and economic obsolescence. Land has been valued using the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market approach based on comparable transactions.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ACCOUNTING POLICIES </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition method of accounting is used to account for all business combinations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase price for a business comprises the fair values of the assets transferred, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities incurred to the former owners including warrant holders of the acquired </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business and the fair value of any asset or liability resulting from a contingent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consideration arrangement. Any amount of the purchase price which effectively </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises a settlement of a pre-existing relationship is not part of the exchange for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquiree and is therefore not included in the consideration for the purpose of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applying the acquisition method. Settlements of pre-existing relationships are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounted for as separate transactions in accordance with the relevant <span class="_ _0"/>IFRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting Standards.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identifiable assets and liabilities and contingent liabilities assumed are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at fair value at the date of acquisition by applying relevant valuation methods. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition-related costs are expensed as incurred. Goodwill is recognised at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excess of purchase price over the fair value of net identifiable assets acquired and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities assumed.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.4 Related party transactions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Material transactions with related parties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:278.65625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.7812px; width: 76.9336px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Novo Holdings A/S</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2773px; width: 357.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Purchase of Novo Nordisk B shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.3574px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">10,164</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">8,775</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">6,984</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 366.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Acquisition of fill-finish sites (note 5.3)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.0409px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">82,146</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 356.326px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dividend payment to Novo Holdings A/S</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.4123px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">12,502</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 42.7909px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">9,028</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 37.8926px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">7,207</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.668px; width: 366.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Novo Nordisk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(33)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(17)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(24)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.406px; width: 68.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Novonesis Group</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.887px; width: 366.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Novo Nordisk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.7091px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(48)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(48)</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">(78)</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 153.012px; width: 363.193px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Novonesis</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">117</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">112</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">92</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 172.797px; width: 79.0605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Altasciences Group </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 191.277px; width: 363.053px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by Altasciences</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.5469px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">146</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">229</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">70</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 211.047px; width: 156.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other subsidiaries of Novo Holding A/S</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.543px; width: 367.477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided to Novo Nordisk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.9571px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">93</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">—</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.5841px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">—</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.312px; width: 50.4609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffed; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">NNIT Group</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.793px; width: 228.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Services provided by NNIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.574px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.615px; top: 267.793px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">257</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 243.217px; top: 267.793px; width: 50.8652px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.082px; top: 267.793px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">436</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.684px; top: 267.793px; width: 46.3477px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 355.031px; top: 267.793px; width: 14.6016px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: ffee; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">660</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk A/S is controlled by Novo Holdings A/S (incorporated in Denmark), which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">owns 28.1%<span class="ls0 ws0"> of the share capital in Novo Nordisk A/S, representing </span>77.3%<span class="ls0 ws0"> of the total </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">number of votes. The remaining shares are widely held. The ultimate parent of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group is the Novo Nordisk Foundation (incorporated in Denmark). Both entities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered related parties.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novonesis Group, Altasciences Company Inc., and other subsidiaries of Novo Holdings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A/S are considered related parties to Novo Nordisk A/S. As an associated company of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk A/S, NNIT Group is also considered related party. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024<span class="ls0 ws0">, Novo Nordisk A/S acquired <span class="ls44 ws4d">12.6</span> million B shares, worth </span>DKK 10,164 million<span class="ls0 ws0">, </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Novo Holdings A/S as part of the <span class="ls30 ws36">DKK 20,000 million</span> share repurchase </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programme. The transaction price for each transaction was calculated as the average </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market price in the open window period following the announcements of the financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">results for the first and third quarters in <span class="ls30 ws36">2024</span>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Remuneration to Executive Management and Board of Directors </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:142.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 17.1211px; width: 360.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary and short-term incentive</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.9784px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">180</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">173</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">141</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.2461px; width: 377.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Pension</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.625px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">18</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">17</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">13</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 37.2344px; top: 53.2461px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3711px; width: 32.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Benefits</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 246.078px; top: 55.3711px; width: 138.1px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">55</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">19</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">9</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 92.4062px; top: 72.3711px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 74.4961px; width: 79.8691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Long-term incentive</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.969px; top: 74.4961px; width: 141.047px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">112</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">121</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">97</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 140.625px; top: 91.4961px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6211px; width: 122.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive Management in total</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 240.969px; top: 93.6211px; width: 140.607px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">365</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.4551px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">330</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">260</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 118.703px; top: 110.621px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">4</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.746px; width: 103.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fees to Board of Directors</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 246.078px; top: 112.746px; width: 137.379px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">23</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">22</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">20</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 131.871px; width: 235.945px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.047px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 235.945px; top: 131.871px; width: 141.018px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">388</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 50.8654px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">352</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 46.3477px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">280</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. In 2024, an amount of DKK 45.4<span class="ls0 ws0"> million relates to recruitment arrangements as well as </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a conditional amount payable at the end of employment. 2. Refer to note <span class="_ _0"/><span class="ls38 ws40">5.1<span class="ls0 ws0"> for further </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">information on share-based payment schemes. 3. Total remuneration for persons registered as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">members of Executive Management with the Danish Business Authority amounts to <span class="_ _0"/><span class="ls38 ws40">DKK 88 million<span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="ls38 ws40">DKK 195 million in 2023 and DKK 175 million in 2022</span>). 4. All members of the Board of Directors </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are registered with the Danish Business Authority.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There were no transactions with the Board of Directors or Executive Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">besides remuneration. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There were no material unsettled balances with related parties at the end of the year.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.5 Fees to statutory auditors</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:106.515625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0117187px; width: 378.486px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK million</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 182.584px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 44.8886px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;">2023</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 40.9864px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">2022</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 67.7344px; top: 17.0117px; width: 3.16992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 6.3375px; font-family: fff0; -webkit-text-stroke: 0.0950625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 19.1367px; width: 57.6855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statutory audit</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 245.719px; top: 19.1367px; width: 137.379px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">35</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.1623px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">30</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 52.0196px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">38</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 38.2617px; width: 372.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Audit-related services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.041px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6054px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 57.4023px; width: 373.898px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Tax advisory services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.736px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.2091px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.994px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 76.5273px; width: 374.004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.539px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">13</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">18</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">12</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 95.6523px; width: 212.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Total fees to statutory auditors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.1017px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 212.561px; top: 95.6523px; width: 137.426px; white-space: pre; word-spacing: 0.00975px; letter-spacing: -0.00975px; margin-left: 0px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">62</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 56.5957px; font-size: 9.75px; font-family: fff1; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;">59</span><span style="word-spacing: 0.00975px; letter-spacing: -0.00975px; display: inline-block; margin-left: 0px; width: 51.633px; font-size: 9.75px; font-family: fff0; -webkit-text-stroke: 0.14625px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 2.4375px; display: inline-block;"> </span></span></span><span style="display: inline-block;">55</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. Statutory audit fees in 2024 include DKK <span class="ls0 ws0">5</span> million of additional fees mainly related to business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisitions. Statutory audit fees in 2022 include DKK <span class="ls0 ws0">9</span> million of additional fee related to 2021.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fees for services other than statutory audit of the financial statements amount to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 27 million<span class="ls0 ws0"> (</span>DKK 29 million in 2023 and DKK 17 million in 2022).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024<span class="ls0 ws0">, Deloitte Statsautoriseret Revisionspartnerselskab provided other services </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than statutory audit in the amount of <span class="ls30 ws36">DKK 6 million</span> (<span class="ls30 ws36">DKK 18 million in 2023 and </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 12 million in 2022<span class="ls0 ws0">) which relate to tax services relating to acquisitions, tax </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compliance, financial due diligence, management consulting, educational training<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other assurance assessments and opinions.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Principles of consolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Consolidated financial statements incorporate the financial statements of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent company Novo Nordisk A/S and entities controlled by Novo Nordisk A/S. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Control exists when Novo Nordisk has effective power over the entity and has the right </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to variable returns from the entity. The results of subsidiaries acquired or disposed of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">during the year are included in the consolidated income statement from the effective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date of acquisition and up to the effective date of disposal.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Functional and presentation currency</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Items included in the financial statements of Novo Nordisk's entities are measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">using the currency of the primary economic environment in which the entity operates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(functional currency). The Consolidated financial statements are presented in Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">kroner (DKK), which is also the functional and presentation currency of the parent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of transactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are translated into the functional currency using the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prevailing exchange rates at the transaction dates. Foreign exchange gains and losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resulting from the settlement of such transactions and from the translation at year-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">end exchange rates of monetary assets and liabilities are recognised in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement. Foreign currency differences arising from the translation of effective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">qualifying cash flow hedges are recognised in other comprehensive income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of Group companies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial statements of foreign subsidiaries are translated into DKK at the exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rates prevailing at the end of the reporting period for balance sheet items, and at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">average exchange rates for income statement items. All effects of exchange rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are recognised in other comprehensive income.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Translation of Group companies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial statements of foreign subsidiaries are translated into DKK at the exchange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rates prevailing at the end of the reporting period for balance sheet items, and at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">average exchange rates for income statement items. All effects of exchange rate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adjustments are recognised in other comprehensive income.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow statement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Cash flow statement is presented in accordance with the indirect method </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencing with net profit for the year.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.7 Companies in the Novo Nordisk Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Activity: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales and marketing</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Production</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Research and development</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">•</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Services/investments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company and country</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Activity</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Parent company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsidiaries by geographical area</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company and country</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Percentage of shares owned</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">North America Operations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inversago Pharma Inc., Canada</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Canada Inc., Canada</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk North America Operations A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmaceutical Industries LP, US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmatech US, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NN Corporate Development US, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NN Research &amp; Development US, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk US Bio Production, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk US Holdings Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dicerna Pharmaceuticals, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Emisphere Technologies, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Forma Therapeutics, Inc., US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catalent Indiana LLC, US </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Region International Operations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmaceuticals A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Operations A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Region AAMEO and LATAM A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Region Europe A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Region Japan &amp; Korea A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Region EMEA</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Aldaph SpA, Algeria</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma GmbH, Austria</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">S.A. Novo Nordisk Pharma N.V., Belgium</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catalent Belgium S.A, Belgium </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma d.o.o., Bosnia and Herzegovina</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma EAD, Bulgaria</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Hrvatska d.o.o., Croatia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk s.r.o., Czech Republic</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Production Czech s.r.o, Czech Republic</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Denmark A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmatech A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Egypt LLC, Egypt</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Egypt Pharmaceuticals Ltd., Egypt</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company and country<span class="_ _128"> </span>Percentage of shares owned</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Estonia OÜ, Estonia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Farma OY, Finland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Biocorp Production S.A., France</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk, France</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Production SAS, France</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma GmbH, Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cardior Pharmaceuticals GmbH, Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Hellas Epe., Greece</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Hungária Kft., Hungary</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Limited, Ireland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Production Ireland Ltd., Ireland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Ltd, Israel</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk S.P.A., Italy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catalent Anagni S.R.L, Italy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Kazakhstan LLP, Kazakhstan</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Kenya Ltd., Kenya</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Latvia SIA, Latvia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma SARL, Lebanon</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">UAB Novo Nordisk Pharma, Lithuania</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Farma dooel, North Macedonia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma SAS, Morocco</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk B.V., Netherlands</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Finance (Netherlands) B.V., Netherlands</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Limited, Nigeria</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Norway AS, Norway</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmaceutical Services Sp. z.o.o., Poland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Sp.z.o.o., Poland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Portugal, Lda., Portugal</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Farma S.R.L., Romania</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Limited Liability Company, Russia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Production Support LLC, Russia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Saudi for Trading, Saudi Arabia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma d.o.o. Belgrade (Serbia), Serbia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Slovakia s.r.o., Slovakia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk, d.o.o., Slovenia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk (Pty) Limited, South Africa</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma S.A., Spain</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Scandinavia AB, Sweden</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Health Care AG, Switzerland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma AG, Switzerland</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Tunisie SARL, Tunisia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Saglik Ürünleri Tic. Ltd. Sti., Turkey</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Ukraine, LLC, Ukraine</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Gulf FZE, United Arab Emirates</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Limited, UK</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Research Centre Oxford Limited, UK</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company and country</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _128"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Percentage of shares owned</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _11"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Region China</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk (China) Pharmaceuticals Co. Ltd., China</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk (Shanghai) Pharma Trading Co., Ltd., China</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Region China A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Hong Kong Limited, Hong Kong</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma (Taiwan) Ltd., Taiwan</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Beijing Novo Nordisk Pharmaceuticals Science &amp; Technology </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co., Ltd., China</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Region Rest of World</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Argentina S.A., Argentina</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmaceuticals Pty. Ltd., Australia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma (Private) Limited, Bangladesh</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Produção Farmacêutica do Brasil Ltda., Brazil</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Farmacêutica do Brasil Ltda., Brazil</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Farmacéutica Limitada, Chile</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Colombia SAS, Colombia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk India Private Limited, India</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Service Centre (India) Pvt. Ltd., India</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">PT. Novo Nordisk Indonesia, Indonesia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pars Co. (PJS), Iran</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Ltd., Japan</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma (Malaysia) Sdn Bhd, Malaysia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Operations Sdn Bhd, Malaysia</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Mexico S.A. de C.V., Mexico</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Service Centre Mexico, Sociedad Anonim, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Mexico<span class="_ _1d3"> </span>100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmaceuticals Ltd., New Zealand</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma (Private) Limited, Pakistan</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Panama S.A., Panama</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Peru S.A.C., Peru</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharmaceuticals (Philippines) Inc., Philippines</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma (Singapore) Pte Ltd., Singapore</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma Korea Ltd., South Korea</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Lanka (PVT) Ltd, Sri Lanka</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Pharma (Thailand) Ltd., Thailand</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Novo Nordisk Vietnam Ltd., Vietnam<span class="_ _2b"> </span>100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other subsidiaries and associated companies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NNE A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">100</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NNIT A/S, Denmark</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _1"/>18 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CS Solar Fund XIV, LLC, US</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _1"/>99 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Companies without significant activities are not included in the list. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NNE A/S subsidiaries are not included in the list.</span>